Today after the bell Google reported its second quarter financial results, including net revenue (ex-TAC) of $12.67 billion, and $6.08 in non-GAAP earnings per share. Google gross revenue for the period came in at $15.96 billion Analysts had expected that Google would report $12.32 billion in ex-TAC (net) revenue, $15.62 billion in gross revenue, and earnings per share of $6.25. In its sequentially preceding quarter, Google had net revenue of $12.2 billion and earnings per share of $6.27.
Investors are eying Google, IBM and General Electric stock Friday morning. Emma Moddy tells why on the News Hub with Simon Constable (watch the video below). Earnings gains from Google, Honeywell and other big U.S. companies drive the stock market to a higher close, wiping out much of its loss from the day before. The Dow Jones industrial average rose 123 points, or 0.7 percent, to 17,097 Friday. The Standard & Poor’s 500 index rose 20 points, or 1 percent, to 1,978. The Nasdaq composite rose 68 points, or 1.6 percent, to 4,432.
Google Adds Bitcoin Price Conversions
One fun Google trick is the ability to type in “5 Euro in USD” and get an acceptably accurate currency conversion in a few seconds. Now, however, you can get your BTC on by simply typing “price of bitcoin” or “X bitcoin to euro.” The feature rolled out yesterday as a reaction to Bing’s addition of BTC pricing in that search engine. According to bitcoin news site Coindesk, Google partnered with Coinbase to support BTC conversions. The ability to use BTC in queries follows Google Finance’s addition of a special bitcoin page on the site last June. It’s one small step for Google, one giant leap for the obsessives who track every single apparent change in bitcoin adoption.
YouTube’s 2013 Revenue At $3.5 Billion, Below Estimates
YouTube brought in $3.5 billion in 2013, according to a report published on Monday, a number that comes in below many analysts’ estimates. The user-generated video site is profitable, but its overall income isn’t quite as high as the $5 billion number that had been widely floated, according to a story by The Information, which cited two anonymous sources. Google does not publicly release YouTube’s financials. YouTube declined to comment.
Ex-Ford CEO Alan Mulally Joins Google’s Board Of Directors
That didn’t take long. Former Ford President CEO has found a new parking spot at Google after just retiring from Ford Motor Company earlier this month. Google has just announced the appointment of Alan Mulally to its Board of Directors and will serve on Google’s Audit Committee. His appointment was effective July 9, 2014. It was Mulally that lead Ford through the crisis that rocked the US auto industry and propel the car company into the technology age.
Watch Google News Video
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Google Directors Wanted Page, Brin To Court Facebook Employees
According to newly released documents in a closely watched case alleging big tech companies colluded to suppress wages, Google considered having its cofounders personally recruit Facebook workers and instituted a policy to make counteroffers within an hour to workers offered jobs by Facebook. Google’s concern about Facebook hiring its employees has been a theme in the case, in which 64,000 tech workers accuse Google, Apple , Intel and Adobe of conspiring not to recruit each other’s tech talent. The documents posted Friday dramatize how Facebook, which was never part of the no-recruiting pact, disrupted a chummy network among tech giants.
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