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Google Quarterly Profits Up, $1.84bn, But Shares Decline

     
2:18 pm on Jul 16, 2010 (gmt 0)

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Google Quarterly Profits Up, $1.84bn, But Shares Decline [bbc.co.uk]
Internet giant Google has reported a sharp rise in profits and revenue in quarterly results that nonetheless failed to impress Wall Street.

Net profit for the three months to the end of June came in at $1.84bn (1.2bn), up by a quarter on the $1.48bn it recorded a year earlier.

Revenue was $6.82bn, also up sharply on the $5.52bn posted a year ago.

However, analysts had expected better and chose to focus instead on operating expenses, which increased sharply.

As a result, shares in Google fell more than 4% in after-hours trading.
9:11 pm on July 16, 2010 (gmt 0)

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They really dropped today! [google.com...]
5:34 pm on July 18, 2010 (gmt 0)

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