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Google beats earnings expectations, but for CEO Larry Page, it's all about 'living, learning and loving'

Google Stock Photo

Kimihiro Hoshino/AFP/Getty Images

The Google logo is seen at the Google headquarters in Mountain View, California. The company beat Wall Street expectations with fourth quarter 2012 earnings.

Google beat Wall Street expectations with its fourth quarter 2012 earnings, reported Tuesday. The company made $14.42 billion and earned $10.65 per share (analysts expected $10.52). The Internet search giant continues to prove that search is a very big business and that there's still growth to be had, even as the Internet transitions from PCs to mobile devices. 

On that: of the $14.42 billion that Google brought in for the quarter, $1.51 billion came from Motorola Mobile, a substantial dip from the nearly $2.6 billion that Google saw in the third quarter. At ZDNet, Larry Dignan finds plenty to be confused about here — and that makes sense, given that Google bought what was then called Motorola Mobility for $12.5 billion. Dignan says that, sure, the acquisition was all about Motorola's patents. But $12.5 billion to defend yourself from patent trolls? Doesn't Google want to make a business out of mobile devices?