Google reports strong earnings, new CEO

By Reuters
Posted Jan. 20 at 3:20 p.m.

Google Inc. said Thursday that co-founder Larry Page will take charge of day-to-day operations as chief executive starting April 4.

Current CEO Eric Schmidt will become executive chairman.

Google also reported revenue of $8.44 billion in the fourth quarter, up fromĀ  $6.67 billion a year-earlier.

Net revenue, excluding fees that Google paid to partner Web sites, was $6.37 billion. Analysts polled by Thomson Reuters I/B/E/S, on average, were expecting net revenue of $6.06 billion.

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