Thursday, July 14, 2011

Google Inc. (NASDAQ: GOOG): Q2 2011 Earnings Roundup

Google Inc. (NASDAQ: GOOG) reported Thursday that its second-quarter net income jumped to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share, in the same quarter last year. On an adjusted basis, the company earned $8.74 a share. Google reported revenues of $9.03 billion in the second quarter of 2011, representing a 32% increase over second quarter 2010 revenues of $6.82 billion. Analysts, on average, expected the company to report earnings of $7.87 per share on revenue of $6.54 billion.

“We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue,” said Larry Page, CEO of Google. “I'm super excited about the amazing response to Google+ which lets you share just like in real life.”

Google shares surged more than 11% in aftyer-hours trading on Thursday.

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