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Earnings Analysis: 
Google Earnings Up 28%, Stock Down 8%
Author: 123jump.com Staff
123jump.com
Last Update: 6:06 PM EDT July 19 2007


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Google earnings surged 28% on revenue rise of 60%. The copmany earnings growth in the second quarter has steadily declined from above 100% in the last four years. Google hired more people in the quarter above its target driving operating cost higher. Google market share for Internet searches was reported above 52% by independent research firms. Google stock fell 8% in the after hours trading.

 
5:00PM After the close in New York trading, Google reported second quarter earnings gain of 28%.

Google reported second quarter earnings of $925.1 million from $721.1 million a year ago. The earnings per share climbed to $2.93 from $2.33. Net revenue soared 58% to 3.84 billion from $2.46 billion on higher advertising revenue, improved market share, and added revenue from eight acquisitions.

Excluding cost of traffic acquisition and marketing partners, revenue rose 60% to $2.72 billion from $1.67 billion in the quarter beating consensus estimate of $2.71 billion in the survey of four analysts conducted by 123jump.com.

Stock fell 8% in the after hours trading to as low as $505.30 from $548.59 close at the regular hours in trading.

Second quarter Google earnings has increased to $2.93 per share in 2007 from $2.33 in 2006, $1.19 in 2005, $0.30 in 2004, and $0.12 in 2003.
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