Google Inc. (NASDAQ:GOOG) reported Thursday $14.11 billion in revenue for the second quarter of this year, a 19 percent increase over the second quarter of 2012. But the mobile and search giant failed to meet the expectations of analysts, who predicted that Google would earn $14.41 billion, Reuters reports.
Since the report was issued, Google's stock has fallen more than 4 percent in after-hours trading, dropping from $910.68 to $870.50 as of this writing.
Like Us on Facebook
Google also reported that second-quarter net income amounted to $3.23 billion, compared to $2.79 billion in the second quarter of 2012. Traffic Acquisition Costs amounted to $3.01 billion, representing 25 percent of Google's advertising revenue.
The Mountain View, Calif., company reported GAAP earnings per share of $9.54 on 338 million diluted shares outstanding, up from the same period last year, when Google reported $8.42 EPS on 331 million diluted shares outstanding. Google's Non-GAAP EPS in Q2 of 2013 was $9.56. In the second quarter of 2012, non-GAAP EPS was reported at $10.16.
Sep 13, 2013 04:23 amSamsung Galaxy S5 Likely to have 64 bit Processor
Sep 13, 2013 02:40 amMicrosoft Working on Halo Inspired Siri-Like Voice Assistant for Windows Phone