SAN FRANCISCO (AP) - Google’s second-quarter earnings growth fell below analysts’ estimates as the stronger dollar dragged down the Internet search leader.
The results released Thursday may amplify investor concerns that have weigh on Google’s stock this year.
Google Inc. earned $1.84 billion, or $5.71 per share, in the three months ending in June. That was up 24 percent from the same time last year, but lower than the rate of growth in the first three months of the year.
In an encouraging sign for the overall economy, marketers paid more for the online ads that generate virtually all of Google’s income. People also clicked on the ads more frequently.
Those trends indicate more companies and shoppers are feeling a little better as they recover from the worst economic downturn in more than 70 years.
Revenue for the quarter was $6.82 billion.
By Rand Paul
Obama acts as though we no longer have a Constitution
Independent voices from the TWT Communities
Al Maurer provides a common sense, conservatarian, Constitutional conservative perspective from the battleground state of Colorado
A twenty-something’s musings on religion and today.
In a world that is increasingly complex, we need to seek greater awareness of the blending of cultures and America's changing role in a global community.
Television commentary, reviews, news and nonstop DVR catch-up.
Benghazi: The anatomy of a scandal
Vietnam Memorial adds four names
Cinco de Mayo on the Mall
NRA kicks off annual convention
California wildfires wreak havoc