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Thursday, July 20, 2006

Google beats street in second quarter

CNET News.com: "Google posted on Thursday second-quarter earnings that beat analyst expectations, as revenue from advertising continued to rise on market share increases.
Net earnings for the quarter were $772 million, or $2.49 per share, excluding one-time items like stock-based compensation. Revenue was $1.68 billion, excluding traffic acquisition costs, which are commissions paid to content partners.
Analysts had expected Google to earn $2.22 per share on revenue of $1.65 billion, according to a survey by Thomson Financial.
Including items, the Mountain View, Calif.-based company earned $721 million, or $2.33 a share, for the quarter ended June 30. That's up more than double from $342.8 million, or $1.19 cents, a year earlier on the same basis. "
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