Google's 2Q Earnings Rise 11 pct, Ad Prices Fall

The Google rumors come during a turbulent year for businesses attached to the current cable TV business model.

The Google rumors come during a turbulent year for businesses attached to the current cable TV business model.

Associated Press SHARE

By The Associated Press, Associated Press

Google's second-quarter earnings rose 11 percent despite a deepening decline in the prices paid for its Internet search advertising.

The results announced Thursday included Google's $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings Inc. for the first time. Google Inc. owned Motorola for the final 39 days of the quarter ending in June.

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Google Inc. earned $2.8 billion, or $8.42 per share, during the three months ending in June. That compared with net income of $2.5 billion, or $7.68 per share, last year.

The earnings would have been $10.12 per share, if not for Google's accounting costs for employee stock compensation and the Motorola deal.

Revenue climbed 35 percent from last year to $12.2 billion. If not for Motorola, revenue would have increased by 21 percent.

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