It’s hard to bet against them, but Wall Street continues to do so. They continue to be wrong.
Google’s Q3 2013 earnings report has just crossed the wires, and they’re better than expected. The company reported that over the past three months it generated $14.89 billion in consolidated revenue and $2.97 in net income, as well as non-GAAP earnings of $10.74 per share.
According to Yahoo Finance, analysts expected the company to report about $14.8 billion in revenue for the quarter and earnings of $10.35 per share. Fortunately for the search and advertising giant, that’s a big change from last quarter. The company missed Wall Street’s EPS and revenue expectations during its last go round.