Companies
Google 2Q profit rises 35 pct, below analyst views
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Posted 23 July 2008 @ 01:45 pm GMT
Google Inc. says its second-quarter profit rose 35 percent. Its $1.25 billion in earnings were propelled by the growing international popularity of its Internet search engine.
In this April 8, 2008 file photo, the Google booth is shown at the RSA conference in San Francisco. Google Inc. shares tumbled more than 9 percent in early trading Friday, July 18, 2008, after the Internet search leader's second-quarter earnings miss...
But the earnings, which amounted to $3.92 per share, are likely to disappoint investors because the performance fell below analyst estimates.
Revenue for quarter was $5.4 billion, a 39 percent increase from the same time last year.
Most of Google's revenue came from online ads shown to Web surfers outside the United States, a factor that helped the company offset some of the economic doldrums plaguing its home country. International markets accounted for 52 percent of Google's revenue in the quarter.
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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