Google (GOOG) Beats Market Expectations

Google (NASDAQ: GOOG) reported better than expected quarterly results.

According to CNBC, the company beat the market consensus on both the revenue and EPS front. The company posted $4.95 billion in quarterly revenue in contrast to market estimates of $4.92 billion. EPS figure for the quarter stood at $6.79, which also surpassed the market expectation of $6.48. CEO Eric Schmidt stated that the company will keep pursuing an aggressive acquisition policy. According to the press release, Google-owned websites generated $4.42 billion dollar in revenue, which constitutes 66% of total revenue. This also represents 16% QoQ growth rate.