Google beats the street in second quarter

Posts earnings that surpass analyst expectations as revenue from advertising continues to rise.

Google posted on Thursday second-quarter earnings that beat analyst expectations as revenue from advertising continued to rise.

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.

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