Google Tops Q2 Forecasts As Advertising Paid Clicks Soar

Google shares are up about 3% in after-market trading following the release of the Q2 earnings — which are complicated by the May 22 acquisition of Motorola Mobility. With that included, Google reports net income of nearly $2.8B, up 11.2% vs the period last year, on revenues of $12.2B, +35.3%. Without Motorola, Google’s revenues would be nearly $11B — still well ahead of the $8.4B that the Street forecast. About 54% of the revenues came from outside the U.S. Also excluding Motorola, earnings per share came in at $10.12, beating expectations for $10.04. The company reports that the number of paid clicks on its sites, and those of its network members, grew 42% vs last year’s Q2. CEO Larry Page says that Google’s recently released Nexus 7 tablet “has received rave reviews.” With Motorola, “we’re excited about the potential to build great devices for users.”

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