Google earnings: $6.08 per share, ex-items, vs. expected EPS of $6.24

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Google headquarters in Mountain View, California

 

Analysts had expected the company to report earnings excluding items of $6.24 a share on nearly $15.62 billion in revenue, according to a consensus estimate from Thomson Reuters.
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Analysts had been expecting the Internet giant to discuss falling online ad prices, which remain Google's biggest source of revenue. 

Continuing its diversification into other businesses, the company recently announced it will work with drug maker Novartis to develop "smart contacts" for eyesight that can help patients also monitor their glucose levels and restore focus to their eyesight, according to Reuters. 

Its newly acquired Nest division also unveiled a new industry group to promote the use of Nest's Thread standard for "smart" devices made for use in homes, cars, and elsewhere, according to other coverage in Reuters. The group counts Samsung, ARM Technologies, Freescale Semiconductor, and Yale Locks among its members.
—By CNBC.com staff