Google beats estimates on financials reported today

[drhowarddrfine]

MarketWatch

Google said its second-quarter net income rose to $1.48 billion, or $4.66 a share, from $1.25 billion, or $3.92 a share in the same period a year earlier. Net revenue in the period ended in June rose to $4.07 billion from $3.9 billion, Google said.

[Professional Dude]

This is good news for Google stock holders

[malcolm1]

Originally Posted by Professional Dude

This is good news for Google stock holders

Sounds like another Ponzi scheme to me

laterz
malcolm

[drhowarddrfine]

What's significant about this is Google's income has been increasing year over year and quarter over quarter while Microsoft earnings have been dropping year to year, quarter to quarter. I believe Microsoft earnings are due next week. MS has already stated earnings will be down for the rest of the year.

[Eros918]

omg...it's too bad

[lightlysalted]

It's interesting that online businesses have been less affected by those in the real world or with physical locations such as stores in malls etc. I think that it's partially because as an online business owner you can keep costs really low and therefore be more responsive to price changes.