This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Google Earnings: Live Blog

NEW YORK ( TheStreet) -- Google (GOOG) delivered giant second-quarter earnings after the bell Thursday, beating earnings per share estimates by nearly a dollar.

Google reported adjusted EPS of $8.74 on quarterly sales of $6.92 billion, which excludes about $2 billion in traffic acquisition costs, or TAC. TAC is the amount that Google pays to other sites for their traffic. Analysts were expecting EPS of $7.86 on revenue of $6.55 billion.

Compared to last quarter's conference call, where Page spoke for about two minutes, the newish CEO talked more than usual, readily answering analyst questions and giving updates on ventures like Android, Google's mobile operating system. According to Page, Google has activated about 135 million Android devices, about 550,000 a day.

Google shares were soaring in the after-market due to the blowout numbers, up at one point by as much as 12%.

Click above to read our live blog of the earnings call.

-- Blog written by Scott Moritz and James Rogers in New York.

Follow the writers on Twitter at TheStreet_Tech

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GOOG $524.05 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs