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Google’s Q4 results: $2.71 billion profit, $8.13 billion in revenue, Wall Street disappointed

Google just released its fourth-quarter 2011 results, and man, Wall Street is not pleased. The company reported $2.71 billion in profit (up from $2.54 a year earlier), net revenue of $8.13 billion and earnings of $9.50 per share, excluding some one-time charges. That’s less than the $10.49 per share and $8.40 billion financial analysts were expecting and, as Reuters notes, it’s the first time in nine quarters that Google hasn’t beaten revenue estimates. Of course, the company spun its results the best it could, emphasizing that its gross revenue jumped 25 percent to $10.58 billion, making this the first time the company’s raw sales exceeded $10 billion in any given quarter. Of course, that figure doesn’t reflect the myriad costs associated with boosting web traffic, and investors are more concerned with that $8.13 billion in net revenue. Needless to say, Wall Street is none too impressed — as of this writing, the company’s stock was down almost nine percent in after-hours trading.

That’s not to say Google is struggling. The outfit actually logged a sharp increase in clicks on its search ads, but said the fee it receives from those ads was down eight percent from both the previous quarter as well as the fourth quarter of 2010. Plus, by all metrics, Android is still on quite the tear. In a conference call with investors, the company said there are now 250 million Android devices, up 50 million from the last quarter. Some more tidbits: 7000,000 devices are being activated per day and more than 11 billion items have been downloaded from Android Market (it hitthe 10-billion mark last month). Finally, Google+ now has 90 million worldwide users, more than double the figure from three months earlier. Need a deeper dive on the numbers? We’ve got the full financial results at the source link, with the summary earnings release below.


Intel reports record 2011 earnings, bests Q4 estimates

Intel just released its fiscal year-end numbers, including its Q4 report, and things are indeed looking up for the company. After revising its final quarter estimatelate last December on the heels of supply chain reductions, the chipmaker posted $13.9 billion in revenues on the strength of its PC client and data center group, beating its prior goal of $13.7 billion, but still falling well under its initial $14.7 billion target. As for its full year performance, well it appears this is one for the books, considering revenues grew to $54 billion — a $10 billion plus year over year boost — with profits coming in at $12.9 billion, leading 2011’s statement to “[eclipse] all annual revenue and earnings records.” And with Ultrabooks lingering just on the horizon, the company expects business to continue to boom well into 2012. Need a more detailed look at Intel’s bottom line? Then click on past the break for the official PR.


Samsung reports operating profit of $4.5 billion on cellphone, hard drive biz sales

Fourth quarter earnings for Samsung are out and wouldn’t you know it, selling a record number of mobile phones — more than three times over what it sold in the same period last year — is a pretty good way to turn a profit. Businessweek notes it closed the three months ending in December with an operating profit of 5.2 trillion won ($4.5 billion), beating analyst estimates. Other than the more than 300 million phones it sold, there was also a bump from the $1.38 billion sale of its hard drive business to Seagate that helped overcome drops in profits from its chipmaking and flat-screen units. Detailed results are expected later on this month, but The Wall Street Journal reports Samsung expects to notch an operating profit of 16.2 trillion won ($14 billion). Here’s hoping it takes a break from counting up all that cash to show off a few things better and brighter next week at CES.

sourceWall Street Journal, Businessweek, Reuters

Google Ice Cream Sandwich coming in Q4 2011 to smartphones and tablets alike

“One OS that runs everywhere.” There you have it, folks! Google intends to meld its Honeycomb tablet wares and Gingerbread smartphone software into one delicious Ice Cream Sandwich. Maybe that’s why the “sandwich” bit is in the name, eh? Either way, it’ll be a universal OS that runs on everything from teeny tiny Android phones to 10-inch tablets and will intelligently adapt to each form factor with things like a resizable status bar. Some other fancy new additions were demonstrated during Google’s I/O 2011 keynote, including face-tracking and camera focus shifting based on voice recognition, but most of the salient details remain under lock and key for now. We’ll be sure to dig around Mountain View campus fridges in search for more clues about the next major iteration of Android.

Logitech's 'disappointing' Q4 results not helped by poor Revue sales; will cut price to $249

There wasn’t much good news for Logitech investors when the company revealed its results for the financial fourth quarter, as it fell far below targets for sales and revenue. Most of the blame went towards weak performance in Europe, the Middle East and Africa, but it also suffered from far lower than expected sales of the Google TV-powered Revue and its accessories, accounting for only $5 million in sales, down from $22 million the quarter before and short of its estimate of $18 million. Beyond fixing its issues overseas, CEO Gerald Quindlen still sees a future where internet connected TVs follow a similar path to smartphones and cited the next generation of Google TV as a major opportunity. Starting in May, the company will cut the price of the Revue to $249 (which is still at least $50 too high) and plans to “re-accelerate” its marketing at “the appropriate time” — probably sometime after Google I/O and the addition of the Android Market. As for that current hardware, both the Revue and the Sony Google TV products received unspecified “security updates” today, although Qriocity and Music Unlimited access remained offline on our Sony Internet TV unit. So let’s do the postmortem and guess what contributed to the low sales more: high prices, a half baked product or ads featuring a hairy-legged TV and Kevin Bacon?


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