Friday, August 31, 2012

Google Q2 profit tops view with $1.48B - Atlanta Business Chronicle:

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The Mountain View, Calif.-based behemoth reported $5.52 billion in revenue, up from the year-ago quarter'sa $5.37 billion. “Google had a very good quarter, especiallu given the continued macro-economic downturn. Whilew most of the world's largest economies Google's year-over-year revenues were up 3 percent," said CEO Eric Excluding items, the company would have earned $1.71 or $5.36 a share, compared to $1.478 billion, or $4.63 a share. Analystds expected, on average, earnings of $5.089 a share on $4.06 billion in revenue. Google-ownefd sites generated revenueof $3.65 or 66 percent of total revenue, compared to the year-ago quarter's revenue of $3.53 billion.
Google’s partner sites generated revenue through AdSense programsof $1.68 or 31 percent of total That represented a 2 percent increase from $1.66 Revenue from outside of the United Statexs totaled $2.91 billion, representing 53 percent of total revenue. Googlde (NASDAQ: GOOG) also reported a stock-based compensatiom charge of $293 milliob as compared to $273 million in the second quarterof 2008.

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