7/20/2006

No enthusiasm for good GOOG earnings

With big caps like Google, earnings are dissected to death, but the good earning has not lead to immediate good price reaction. One thing is clear any rally in Nasdaq 100 and GOOG will be the leader.

Google Inc. said late Thursday second-quarter profit more than doubled as the world's largest provider of Internet searches expanded its leading share of the lucrative market for online search advertising.
The Mountain View, Calif.-based company said it earned $721 million, or $2.33 a share, for the period ended June 30, up from $342.8 million, or $1.19 cents, a year earlier.
Sales surged 77% to $2.46 billion as the company placed more ads alongside its search results.

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