Google Q2 Profit Beats Expectations
NEW YORK Google on Thursday posted fairly anemic second-quarter revenue growth but a profit that beat expectations. Investors, though, were selling shares in after-hours trading, knocking the stock down more than 3 percent.
Google CEO Eric Schmidt was ambiguous about the health of the economy at large and of online advertising, telling analysts on a conference call that it is “too early to tell” if an economic recovery is at hand.
He added: “We’re not at the moment looking at that downward spiral that we thought we might see six months ago.”
Google posted a profit of $1.48
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