Falling expense is an ironic twist to Google's tax sheltered earnings beat, given the impact of credits to put capital towards research and development.
preliminary income statement
, Google reported research and development expense rose 27% to $1.8 billion. That R&D spending, however, also included $380 million in stock based compensation, a rise from year-ago levels, according to the
notes the company's tax benefit from rising stock-based compensation was $149 million.
a preliminary balance sheet
, the company's vaunted cash stockpile rose about $2 billion to $50 billion.
For more on Google's earnings,
see what analysts are saying
about the company's beat and its falling gross margins.
Overall, Google reported earnings on Thursday of $11.58 a share on $13.97 billion in revenue. Analysts polled by
were expecting $10.66 per share on $14.09 billion in revenue.
-- Written by Antoine Gara in New York