7/14 – Google Soundly Surpasses Analysts’ Q2 Expectations

Google earned $2.5 billion, or $7.68 per share, in the April-June period. That’s a 36 percent increase from $1.84 billion, or $5.71 per share, a year ago. If not for costs covering employee stock compensation, Google says it would have earned $8.74 per share. That figured easily topped the average estimate of $7.84 per share among analysts surveyed by FactSet. Revenue increased 32 percent to $9 billion, the first time in Google’s 13-year history that it has brought in that much money in a quarter. After subtracting Google’s advertising commissions, revenue stood at $6.9 billion — nearly $400 million above analyst projections. Google shares soared $66.36, or 12.6 percent, to $595.30 in extended trading after finishing the regular session at $528.94. The stock price stood at $591.80 when Larry Page became CEO.

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