Despite a 28 percent rise in second-quarter profits, Google Inc.’s earnings didn’t quite meet Wall Street’s expectations.
The Internet search giant reported $2.93 per share instead of the $3.59 estimated by analysts polled by Thomson Financial. That amounted to net income of $925.1 million, compared to $721.1 million, or $2.33 per share, at the same time last year.
Gross revenue totaled $3.87 billion, an increase of 58 percent from $2.46 billion during the second quarter of 2006. Profit, meanwhile, came to $1.12 billion.
Google said it would have made $3.56 per share if it hadn’t had employee stock compensation expenses.
Google Inc. www.google.com
