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Google 2Q Earnings Surpass Expectations
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AP Online
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July 20, 2006
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Copyright informationCopyright 2006 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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SAN FRANCISCO - Google's second-quarter profit more than doubled, maintaining the Internet search leader's penchant for topping analysts' high expectations and further underscoring the advantage the company has built over its chief rivals.
The Mountain View, Calif.-based company said Thursday that it earned $721.1 million, or $2.33 per share, during the three months ended in June. That compared with net income of $342.8 million, or $1.19 per share, at the same time last year.
Excluding expenses for employee stock compensation and several other one-time items, Google said it would have earned $2.49 per share - well above the average estimate of $2.22 per share among 32 analysts surveyed ...
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