Google 2Q earnings miss analyst target

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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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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