The company reported revenues of $14.11 billion for its second quarter of 2013, but it wasn't enough to bring its stock past the $1,000 mark. The stock is down nearly 5 percent in after hours trading. July 18, 2013 1:17 PM PDT (Credit: Google) Google reported revenue of more than $14 billion for its second quarter, showing investors a 19 percent increase from the same quarter last year, the company posted on Thursday. Google said its net income was $3.23 billion, compared to 2.79 billion in the Q2 of 2012. The second quarter ended on June 30. It's earnings per share was $9.71, which is down from last year's $10.13. Google was expected to hit a $1,000 price tag for its stock earlier on Thursday, but the price went down nearly 5 percent, to $910.68, in after hours trading shortly after the company released its earnings report. It was down 1 percent from the day at the close of market. "The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people's lives even more is immense," CEO Larry Page in a press release. More to come.
The company reported revenues of $14.11 billion for its second quarter of 2013, but it wasn't enough to bring its stock past the $1,000 mark. The stock is down nearly 5 percent in after hours trading.
Google reported revenue of more than $14 billion for its second quarter, showing investors a 19 percent increase from the same quarter last year, the company posted on Thursday.
Google said its net income was $3.23 billion, compared to 2.79 billion in the Q2 of 2012. The second quarter ended on June 30. It's earnings per share was $9.71, which is down from last year's $10.13.
Google was expected to hit a $1,000 price tag for its stock earlier on Thursday, but the price went down nearly 5 percent, to $910.68, in after hours trading shortly after the company released its earnings report. It was down 1 percent from the day at the close of market.
"The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people's lives even more is immense," CEO Larry Page in a press release.
More to come.
