Google and IBM Power Market Muscles as Earnings are Digested
Google Inc. (NASDAQ:GOOG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 6.88% to $2.89 billion ($10.65 per diluted share) in the quarter versus a net gain of $2.7 billion in the year-earlier quarter. Revenue rose 36.26% to $14.42 billion from the year-earlier quarter.
Google Inc. reported adjusted net income of $10.65 per share. By that measure, the company beat the mean analyst estimate of $10.52. It beat the average revenue estimate of $12.36 billion.