Google Keeps Scoring (at Seeking Alpha)

by: Sramana Mitra posted on: July 20, 2008 | about stocks: GOOG ) reported Q2 earnings of $4.63 a share (excluding stock-based compensation costs), missing Wall Street’s expectations of $4.74 EPS. The company reported a weaker-than-expected 35% rise in quarterly net profit, according to Reuters. Google attributes this to lower returns from its cash pile (which is now $12.7 billion), rather than slacking online ad sales. Net income for the second quarter was $1.25 billion, compared with $1.31 billion in the first quarter. Operating income for the second quarter was $1.58 billion, which is 29% of revenues, compared to 30% in the first quarter. All in all, operating income was up from $1.55 billion in Q1. Quarterly revenues were $5.37 billion, a 3% increase compared to the first quarter of 2008 and a 39% increase over the same... [read full story]