Google isn’t perfect: Earnings fall short of expectations
Google reported second quarter earnings of $925 million, or $2.93 a share, but that wasn’t enough to satisfy Wall Street.
Excluding charges, Google reported earnings Thursday of $1.12 billion, or $3.56 a share. According to Thomson Financial Google was expected to report earnings of $3.59 a share.
On a conference call CEO Eric Schmidt noted that the second quarter is seasonally slow, but the company weathered it well. He also noted that the usual summer slowdown seems less than expected, but traffic is expected to fall in the third quarter. “When I look at the quarter, we’re very pleased with what we’re delivering,” said Schmidt.
Sergey Brin, president of technology, touched on Google’s international efforts. The main item was that Google is experimenting with various home pages in Asia to address local audience habits. In the U.S. he also said that gadgets were a boon to the iGoogle home page.
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