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Telecomunicaciones y tecnología

Google profit misses Wall Street estimates


    SAN FRANCISCO (Reuters) - Google Inc's revenue rose 24 percent in the second quarter but its profit fell short of Wall Street expectations, sending shares down nearly 4 percent on Thursday.

    GOOGLE (GOOG.NQ) the world's No. 1 search engine, posted net income of $1.84 billion, or $5.71 a share, in the second quarter -- up from $1.48 billion, or $4.66 a share, in the year-earlier period.

    Excluding certain items, Google's EPS was $6.45, below the average analyst estimate of $6.52, according to Thomson Reuters I/B /E/S.

    Google said its revenue in the three months ended June 30 totaled $6.82 billion, up from $5.52 billion in the year-earlier period.

    Net revenue, which excludes costs that Google shares with website partners, was $5.09 billion, above the $4.98 billion expected by analysts polled by Thomson Reuters I/B/E/S.

    Shares of Google were down 3.9 percent at $475 after closing at $494.02 on Nasdaq.

    Google's stock is down roughly 22 percent from its 52-week high of $629.51, though shares have risen more than 13 percent from an intraday low of $433.63 earlier this month.

    (Reporting by Alexei Oreskovic; Editing by Gary Hill)