July 20, 2006 12:56 PM PDT
Google beats the street in second quarter
Google posted on Thursday second-quarter earnings that beat analyst expectations as revenue from advertising continued to rise.
Net earnings for the quarter were $772 million, or $2.49 per share, excluding one-time items like stock-based compensation. Revenue was $1.68 billion, excluding traffic acquisition costs, which are commissions paid to content partners.
Analysts had expected Google to earn $2.22 per share on revenue of $1.65 billion, according to a survey by Thomson Financial.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor.
