A Mixed Bag GOOG
Google (GOOG) reported second quarter earnings today of $2.08 billion, or $6.45 per share, just short of Wall Street estimates of $6.53 per share. It reported revenue of $5.09 billion, after deducting traffic acquisition costs of $1.73 billion. Wall Street had been expecting $4.99 billion in revenue. (Statement)
CEO Eric Schmidt called it a quarter, despite missing on the bottom l michael kors outlet ine. Investors sent shares of Google down in the after market hours but the company remained upbeat on growth, notably in emerging businesses, which it said helped drive the year over year revenue growth of 24 percent. In a statement, Schmidt said:
We saw strength in every major product area, as more and more traditional brand advertisers embrace michael kors outlet d search advertising and as large advertisers increasingly ran integrated campaigns across search, display, and mobile. We feel confident about our futu michael kors outlet re, and plan to continue to invest aggressively in our core areas of strategic focus.
The company will h michael kors outlet ost a conference call to discuss the quarter. We update this post with highlights from the call and more details from the financial reports.