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Google demolishes financial expectations to close 2013

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For the second year in a row, Google surpassed $50 billion in revenue on news of its fourth-quarter earnings for 2013.



2013 was another boffo year for Google.


Google trounced financial analyst expectations in the fourth quarter of 2013 as revenues rose to $16.86 billion, 17 percent higher than the fourth quarter in 2012. The company's operating income, on a non-GAAP basis, rose to $4.84 billion from $4.27 billion a year earlier, making this the second consecutive $50 billion year for Google.


Shares of Google closed up nearly 2.57 percent during regular trading to finish at $1,135.39. Shares are expected to rise following Google's conference call on the release of earnings on Thursday.


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