Google Profits Come Up Short

Google may lead the world in search traffic as well as serving as a major player in hosted enterprise apps and mobile software, but even it isn’t immune from a disappointing quarter.

The company still pulled off double-digit revenue growth during its second quarter, but Wall Street had been forecasting earnings that even Google couldn’t hit.

Still, for Google fans, plenty has gone right during the quarter. Android remains on a tear, while Google admits that it has to pour relatively little into the mobile operating system. It’s also reporting strong growth for YouTube, the popular video sharing site it’s owned since 2006.

Datamation has the story.

Search giant Google on Thursday reported double-digit revenue growth for the second quarter, though its earnings fell short of analysts’ expectations, causing the stock to take a hit in after-hours trading.

But in a statement, CEO Eric Schmidt touted the strength of Google’s core business, and highlighted the increasing convergence of multiple digital ad channels.

Read the full story at Datamation:

Google Q2 Profit Growth Misses Wall Street Expectations

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