Google Earns $3.23 Billion Profit and $14.11 Billion Revenue in Q2 2013
Google has posted this Thursday, its second quarterearnings for 2013 ended on June 30. The tech giant reports $41.11 billion amount in revenues which is 19% up from the same quarter last year. Yet it misses Wall Street's earnings expectations of $14.41 billion. Google CEOLarry Page states, “The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense.”
Google reported that its net income was $3.23 billion and $9.56 earnings per share in Q2 2013. The operating income for Q2 was reported $3.12 billion which is 22% of the revenues. Google earned net income of $2.79 billion in Q2 2013 which is less than current. But EPS in last year was $10.13 which is higher than current. Q2 2013 EPS also misses WSJ forecast which expects it to be $10.78 per share.
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