Google's second quarter earnings rise, stock jumps

Google's second quarter earnings rise, stock jumps
Google reported second quarter earnings Thursday afternoon. At $2.79 billion, the figure topped last year's $2.51 billion, but fell short sequentially from this year's first quarter reading of $2.89 billion. Revenue was $10.96 billion, up 21% from last year. Google's profit margin was down, which is something that bodes poorly for future earnings reports. Fully owned subsidiary Motorola Mobility contributed red ink to the tune of $223 million on $1.25 billion in revenue. Motorola lost $86 million on $3.1 billion in sales during Q1.

The Mountain View based company now has $43.1billion in cash and assets and counts 54,604 employees (34,311 for Google and 20,293 for Motorola). In after hours trading, Google is up $19 to $606 after closing at $593 during regular trading hours. The 52 week high is $670.25.

source: Google via MobileBurn

Google's stock price in the last year

Google's stock price in the last year



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11 Comments

1. smdeezy

Posts: 66; Member since: Jun 17, 2011

Damn! That's a lot of money and a lot of employees!

7. Mxyzptlk unregistered

Well look at how much of a monopoly they are with searching and advertising. Google brings a lot of traffic which equals lots of money. It's far more complex than that.

8. MeoCao unregistered

Google's monopoly is different than Intel's or MS. Google does not use anticompetitive practices and brings a lot of value to the masses. Google dominates search b-c they are better.

11. snowgator

Posts: 3614; Member since: Jan 19, 2011

What is your definition of monopoly? Bing is a profitable, well supported search engine that has every chance to be competitive. The fact it hasn't yet doesn't mean Google is forcing them out of business. Google is just light years ahead of it's competition. McDonald's isn't putting anyone out of business either, but it is massively larger than even the #2 fast food place. (Which has always amazed me, considering how their food is plain inedible and vomit inducing.)

2. Ohrules

Posts: 327; Member since: Jun 11, 2012

that's google for you!

3. Non_Sequitur

Posts: 1111; Member since: Mar 16, 2012

Er mah gerd. I better put a share in Google while I still can. O_O

4. snowgator

Posts: 3614; Member since: Jan 19, 2011

Geez..... Come on Google, spread the love will ya??? What a great quarter. Sometimes I forget just how huge and successful of a company it is. Good for them. Imagination and risk taking has really paid off for them.

5. kanagadeepan

Posts: 1190; Member since: Jan 24, 2012

To bring Motorola Mobility to green back, just make its phone come with unlockable bootloaders Google... Sure the geeks form less than 0.1% of customers... And almost 90 to 95% people don't know difference between iOS and Android... Most of the 90% group (almost 60-65% of them) ask the geeks about "Which device to buy for this budget????" and that less than 0.1% people infuence their decisions... So please don't take geeks and developers simple and for your goodness UNLOCK THE BOOTLOADERS in Motorola Android phones....

6. MeoCao unregistered

I love Google!

9. xumaa

Posts: 6; Member since: Jul 11, 2012

Google is the best! :)

10. Edmund

Posts: 656; Member since: Jul 13, 2012

Earnings and profit both fell short of analyst expectations.

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