Google misses earnings expectations
In recent days, analysts have talked about shares of Google’s surging stock breaking through the $1,000 barrier, but that was before the company announced its second quarter earnings report on 18th July 2013 which missed Wall Street’s estimates and surprisingly Google reported revenue of more than $14 billion for its second quarter which shows investors a 19% increase from the same quarter in 2012.
Google CEO Larry Page says ;
Google’s revenue highlights:
- Revenue for Google-owned sites was $8.87 billion which is a great increase since 2012 reports.
- Google’s partner sites generated $3.19 billion in revenues which is truly a report to look at.
- Google has activated more than 900 million Android devices to-date with 1.5 million increasing daily.
Apart from revenue highlights and reports , Chrome is being used by 750 million users worldwide and growing every second. Chrome is becoming a trusted application because of the speed and unique browser features.
Coming to Android , Google Play Store has seen 15 billion app downloads and many device registrations which has also been reported with the revenue.