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Google Q4 earnings miss analyst estimates

Elinor Mills Former Staff Writer
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service and the Associated Press.
Elinor Mills

Google posted fourth-quarter revenue of $1.29 billion excluding traffic acquisition fees paid to partners on Tuesday, in line with analyst expectations and driven by expected seasonal strength in traffic and monetization, the company said.

Gross revenues were $1.92 billion, up 86 percent from a year ago.

Earnings per share for the quarter were $1.22, or $1.54 a share excluding one-time items, compared with 71 cents a share a year ago. On that basis, analysts had been expecting earnings per share of $1.76.

NOTE: In the original posting, we incorrectly stated revenue excluding traffic acquisition costs. Corrections have been made above.