Why Google (GOOGL) Stock Is Up in After-Hours Trading Today

NEW YORK (TheStreet) -- Google (GOOGL) was gaining 1.2% to $588.03 after-hours Thursday after beating analysts' estimates for revenue in the second quarter.

For the second quarter the Search giant reported earnings of $6.08 a share, missing analysts' estimates of $6.23 a share by 15 cents. Revenue grew 21.7% from the year-ago quarter to $15.96 billion. Analysts surveyed by Thomson Reuters expected revenue of $15.61 billion for the quarter.

"Google had a great quarter with revenue up 22% year on year, at $16.0 billion", Google CFO Patrick Pichette said in a press release. "We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term."

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TheStreet Ratings team rates GOOGLE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOOGLE INC (GOOGL) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share."

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TheStreet's Kathryn Mykelseth has more on Google's Q2 results:


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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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