Google Revenue Surges to Nearly $14 Billion in the First Quarter
The leader in Internet search earned $3.35 billion in the three months ending March 31.
Google shares were advancing after the closing bell on Thursday once the company reported a 31 percent climb in revenue to almost $14 billion during the first quarter and net income that rose 16 percent to $3.35 billion.
Without Motorola Mobile, a recent acquisition, Google's revenue would have been up 22 percent to $12.95 billion.
During a conference call with analysts, Google CEO Larry Page used the opportunity to tout new products and improvements on old ones. "I get chills," he said, when using Google Glass, the company's new computerized eyewear.
He also spoke of "speculative projects," like cell phones with unbreakable glass and extremely long battery life.
He said Google is working on ways to improve advertising, making sure that online commercials appear effectively across myriad devices.
He boasted that Google Play, the company's electronic, online store, has signed deals with all the major music labels.
Google said the number of paid clicks rose 20 percent but that the cost-per-click decreased 4 percent.
Google shares dropped $16.65 to $765.91 Thursday but were advancing more than $5 after the closing bell.
- 'Lindsay' Recap: Lohan Attempts Career Comeback With Self-Proclaimed 'New Chapter'
- 'How I Met Your Mother': Cristin Milioti Debunks Morbid Finale Theory (Video)'
- Josh Duhamel to Co-Star in Vince Gilligan's 'Battle Creek'
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- MOST SHARED
- MOST POPULAR
- Shakira Reveals Why Music Videos With Men Are 'Out Of the Question'
- Even Juan Pablo Thinks This Season Of 'The Bachelor' Has Been A Soap Opera
- DJ Cassidy Shares Details On New Album, 'Paradise Royale,' And The Resurgence Of Disco
- 7-Year-Old Stuns Viewers When She Sings 'Gloomy Sunday' By Billie Holiday (VIDEO)