Google's quarterly profit and revenue rose in the second quarter despite the tough advertising market, beating Wall Street expectations.
The web search leader said today that revenue in the three months ended June 30th totalled $5.52 billion, compared with $5.37 billion a year earlier. Analysts were looking for $5.49 billion, according to Reuters Estimates.
Google posted net income of $1.48 billion, or $4.66 a share, compared with $1.25 billion, or $3.92 a share, in the same period a year ago.
Excluding certain items Google earned $5.36 a share, ahead of the $5.08 per share expected by analysts.
The Mountain View, California, company did not provide a financial outlook, in keeping with its custom.
Shares of Google fell to $432.00 in after-hours trade today, from their Nasdaq close of $442.60.
Reuters