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Google's second quarter earnings rise, stock jumps

Posted: , by Alan F.

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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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posted on 19 Jul 2012, 16:27 4

1. smdeezy (Posts: 66; Member since: 17 Jun 2011)

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

posted on 20 Jul 2012, 02:03

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.

posted on 20 Jul 2012, 03:14 1

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.

posted on 20 Jul 2012, 10:32 1

11. snowgator (Posts: 3604; Member since: 19 Jan 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.)

posted on 19 Jul 2012, 16:45 6

2. Ohrules (Posts: 327; Member since: 11 Jun 2012)

that's google for you!

posted on 19 Jul 2012, 16:57 2

3. Non_Sequitur (Posts: 1111; Member since: 16 Mar 2012)

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

posted on 19 Jul 2012, 17:10 2

4. snowgator (Posts: 3604; Member since: 19 Jan 2011)


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.

posted on 19 Jul 2012, 23:09 1

5. kanagadeepan (Posts: 981; Member since: 24 Jan 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....

posted on 20 Jul 2012, 00:23

6. MeoCao (unregistered)

I love Google!

posted on 20 Jul 2012, 04:44

9. xumaa (Posts: 6; Member since: 11 Jul 2012)

Google is the best! :)

posted on 20 Jul 2012, 07:42

10. Edmund (Posts: 656; Member since: 13 Jul 2012)

Earnings and profit both fell short of analyst expectations.

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