Google has revealed Q4 2013 results with high revenue, but its earnings per share (EPS) misses analysts' predictions.

On Thursday, January 30, Google announced its financial results for the quarter ended December 31, 2013.

Google said that the company's net income was $3.38 billion, or $9.90 per share, in Q4 2013 when compared to net income of $2.89 billion, or $8.62 per share, in Q4 2012.

Revenue for the company increased 17 percent to $16.86 billion and slightly topped Wall Street's prediction of $16.75 billion. However, earnings per share for Q4 2013 was $12.01, while analysts projected $12.21 on an average.

In Q3 2013, Google reported revenue of $14.89 billion and net income of $2.97 billion for earnings per share of $10.74.

Google highlighted that aggregate paid clicks surged 31 percent year-over-year and 13 percent sequentially. However, the average cost-per-click fell 11 percent from Q4 2012 and 2 percent from the Q3 2013.

The company also indicated that traffic acquisition costs, or the portion of revenue Google shared with partners, also increased to $3.31 billion in the quarter from $3.08 billion during the same period in 2012.

"We ended 2013 with another great quarter of momentum and growth.  Google's standalone revenue was up 22% year on year, at $15.7 billion," said Larry Page, CEO of Google.  "We made great progress across a wide range of product improvements and business goals.  I'm also very excited about improving people's lives even more with continued hard work on our user experiences."

Google also revealed that its Board of Directors have approved distribution of shares of Class C capital stock as a dividend to its investors. The dividend record date is March 27, which will be payable on April 2.

Google acquired Motorola Mobility in 2012 for $12.5 billion. On Wednesday, January 29 Google announced that it will sell Motorola Mobility to Chinese PC maker Lenovo for $2.91. However, Google will still hold a majority of the division's patent portfolio. 

The company revealed during the earnings call that Motorola Mobility generated $1.24 billion of revenue during Q4 2013, which represents 7 percent of total sales. The division posted revenue of $1.51 billion, or 11 percent of total sales, in Q4 2012.

Google's share prices were slightly up by 2 percent and closed at $1,135 per share on Thursday, January 30. On Friday, its shares closed up 4.01 percent at $1,180.97.

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