NEW YORK (TheStreet) -- Google (GOOGL) - Get Report exceeded expectations on second-quarter earnings, released Thursday.

Earnings per share came in at $6.99, beating estimates of $6.74. During the same quarter last year, Google earned $6.08 a share.

Revenue totaled $17.73 billion, largely in line with the $17.79 billion analysts were looking for. Sales rose 11% year over year. Revenue took a hit on the heels of foreign exchange headwinds. Total advertising sales also rose 11% year over year, reaching just over $16 billion.

Thursday's earnings report marks Google CFO Ruth Porat's first time addressing analysts and investors. Porat joined Google in May, after serving as CFO at Morgan Stanley (MS) - Get Report.

Commenting on the quarter, Porat said: "Our strong [second-quarter] results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising. We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.'

The price for its online ads on average, referred to aggregate cost-per-click dipped 11% over the past year, after falling 7% during first quarter.  The analysts at Robert W. Baird & Co, Raymond James and JMP Securities each held outperform ratings on Google.

Of the analysts who cover the stock, 87% held buy ratings, while 13.3% maintained hold ratings, according to data compiled by Bloomberg. The stock is up 17% since its low for the year, back on January 12, when shares dipped to $491.