Google’s 2Q Profit up 28 Percent

by Andy Huang / Thursday, 19 July 2007 / Published in Financial Market, Google

Google earned $925.1 million, or $2.93 per share, during the three months ended in June. That compared with net income of $721.1 million, or $2.33 per share, at the same time last year.Revenue for the period totaled $3.87 billion, a 58 percent increase from $2.46 billion at the same time last year.

If not for costs associated with employee stock compensation, Google said it would have earned $3.56 per share. That figure missed the average analyst estimate of $3.59 per share among analysts polled by Thomson Financial.

After subtracting commissions paid to its advertising partners, Google’s revenue was $2.72 billion — about $40 million above analyst projections.

But the quarter’s bottom line raised concerns that the rapid growth propelling Google’s lofty stock price is slowing more dramatically than analysts thought.

Google stock getting punished by investors in after hour trading..

About Andy Huang

Andy Huang brings years of results-driven technology marketing expertise to the position as Speaker, Coach, Trainer, Analytic & Google Partner. He has the innate ability to combine traditional and cutting edge marketing methods to quickly grow brand awareness and increase market share across 197 verticals and over 300+ clients. One was acquired in 2015 for $37 Billion, another in 2013 for $1.1 Billion both Nasdaq listed. With extensive experience in revenue driven servicing His aggressive implementation of these strategic proactive revenue planning & marketing efforts rapidly impact all of clients business's bottom line. Now with business blogging on the internet, Andy Huang will share with you some of his most successful business resource and strategies to help fuel your success online!

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