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Filing in Focus: Google 8-K, October 17, 2013
Google Inc. (GOOG) announced its financial results for the third quarter of fiscal year 2013, reporting internet business revenue increases of 23%. The world’s number one internet search engine continued its upward trend, with a 26% increase in total paid clicks from marketers while the average cost-per-click decreased 8%. Analysts tactfully commented that Google ad volume growth has been outpacing the cost-per-click decline, which is enabling continued success. Google’s $14.89B revenues beat out analyst estimates of $14.79B while its earnings improved from $2.18B and $6.53 per share a year ago this quarter to $2.97B and $8.75 per share. CEO Larry Page also announced that he will no longer be regularly attending the company’s quarterly earnings calls, without providing much explanation.