Google announced profits of $8.62 a share on revenues of $11.34 billion, after subtracting commissions paid to advertising partners. After excluding one-time charges, the Mountain View company's earnings per share were $10.65 for the October-December quarter. According to a Thomson Reuters analysis, Wall Street analysts were expecting Google to report earnings of $8.48 a share, or $10.52 a share excluding one-time charges, on revenue of $12.36 billion.

Motorola Mobility deal is still in the red. Google started a deal to sell off Motorola Home to the Arris Group a deal that should close in 2013. The deal is for $2.35 billion in cash and stock, which haven't been included in the Q4 report. During the earnings call, Google CEO Larry Page addressed the Nexus shortages saying that the company needs to manage its inventory better and that this is a priority for the company's teams.  

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Full earnings press release here