Google beats the street in second quarter
Posts earnings that surpass analyst expectations as revenue from advertising continues to rise.
Elinor Mills Former Staff Writer
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service and the Associated Press.
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.