Google Misses Wall Street Earnings, Revenue Expectations for Q2 2013

From DailyTech: Google's second quarter earnings report is out, and while revenue is up from this time last year, earnings didn't look quite as good.

For Q2 2013, Google reported $14.11 billion in revenue, which is a 19 percent increase from the year-ago quarter. However, Wall Street expected $14.41 billion.

Google's Q2 earnings took a tumble, coming in at $9.71 per share compared to $10.13 per share in the year-ago quarter. Analysts expected $10.78 per share for the most recent quarter.

These numbers didn't seem to please investors. Google shares closed at $911 yesterday, which was down from a previous close of $919. According to Reuters, Google shares were expected to open 4 percent lower today after brokerages cut price targets as low as $860 from highs like $915.

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