Google beats Q2 earnings expectations, posts $14.4B in revenue as shares up 7%



Google beat analyst expectations today with its second quarter report, posting earnings of $6.99 per share and $14.35 billion in revenue (not including revenue passed on to advertising partners). Wall Street expected earnings of $6.74 a share on $14.27 billion in revenue.

Both numbers are up year-over-year from $6.08 per share last year and $12.67 billion in revenue.

“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising”, Ruth Porat, who took over Google’s CFO position in May, said in a statement. “We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

Google posted $16 billion in total advertising revenue for the second quarter, up 11 percent year-over-year. The company now employs 57,148, up nearly 10,000 from this time last year.

Shares of Google were up nearly 8 percent in after-hours trading. The company’s financial statement is below.


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