Google Reports Mixed Q1 2013 Earnings: Revenue Up 31 Percent To $14B, Net Income Of $3.35B, Beats EPS Estimates

Google last two earnings releases were made even more notable than usual because of the unexpected events that preceded them, but today?s release of the company?s fiscal Q1 2013 financials was as almost as straightforward as it used to be. For this past quarter, the search giant reported revenues of $14 billion (that?s up 31% from Q1 2012), non-GAAP earnings of $11.58 per share, and net income of $3.35 billion. That means that this quarter, while mostly strong, was a mixed bag in terms of beating expectations. According to the slew of analysts polled by Bloomberg Businessweek, Google was expected to report earnings of $10.70 per share on $14.3 billion in revenues -- Google handily came out ahead on earnings, but didn't quite meet the Street's revenue forecasts.

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