SAN FRANCISCO — Google’s fourth-quarter earnings rose 7 percent as online advertisers spent more money in pursuit of holiday shoppers.
The financial results announced Tuesday were a mixed bag. While the company’s earnings topped analyst estimates, an accounting quirk caused net revenue to fall below the projections that guide investor expectations.
Wall Street still liked what it saw. Google’s stock climbed $30.78, or 4.4 percent, to $733.65 in extended trading.