Google's Net Income Rises 24% in Quarter

Friday Jul 16th 2010 by Staff

Investors are disappointed that income did not meet expectations.

NY Times: Google has reported that both its revenue and net income rose 24 percent in the second quarter. However, while the revenue numbers beat analyst expectations, the income fell short of predictions, disappointing investors.

“It’s an incredibly talented pony, possibly the most talented pony we’ve ever seen, but we’re waiting for that second trick,” explained analyst Jordan Rohan of Stifel Nicolaus.

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