InfoAnda - Google's slowing 2Q ad sales overshadow earnings

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Fake Websites Exploit Obama's "Resignation" To Hijack Computers | 20 January 2009
Judge: Seinfeld book doesn't violate trademark | 11 September 2009
Cisco Q3 revenue outlook strong after Q2 beat | | 9 February 2012

India's Mahindra signs deal to buy Ssangyong | 23 November 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Google's slowing 2Q ad sales overshadow earnings

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Google's slowing 2Q ad sales overshadow earnings By MICHAEL LIEDTKE,AP Technology Writer AP - Friday, July 17 SAN FRANCISCO - Google Inc.'s Internet ad sales grew at their slowest rate on record during the spring, forcing the online search leader to tighten its belt another notch to propel its second-quarter profit above analyst estimates. ADVERTISEMENT The performance _ punctuated by revenue growth of just 3 percent _ disappointed investors. The company's shares fell more than 3 percent in extended trading Thursday after the results were released. "Google is still facing a lot of challenges because I don't think the online ad market is out of the woods yet," said Signal Hill Capital analyst Todd Greenwald. Because it runs the Internet's most widely used marketing channel, Google's lackluster revenue growth could foreshadow even more significant sluggishness among less profitable companies fueled by online advertising and e-commerce. Many of those companies, including Yahoo Inc., will detail what happened in their second quarters in the coming weeks. Although the U.S. recession has been making it increasingly difficult for Google to sell ads, Chief Executive Eric Schmidt said he doesn't expect the business climate to become any more challenging. "We're not at the moment looking at that downward spiral that we thought we might see six months ago," Schmidt told analysts during a Thursday conference call. The remarks echoed comments made to reporters last week when he said the recession had already appeared to hit bottom. On another positive note, Schmidt and other executives indicated Google's video site, YouTube, is on the verge of making money nearly three years after the company bought the service for $1.76 billion. Google is now showing billions of ads with the videos each month, said Jonathan Rosenberg, the company's senior vice president of product management. As has been the case for years, Google gets most of its revenue through ads tied to its search engine, which controls nearly two-thirds of the U.S. market. The Mountain View-based company earned $1.48 billion, or $4.66 per share, during the three months ended in June. That was a 19 percent increase from income of $1.25 billion, or $3.92 per share, for the same period last year. Revenue rose to $5.52 billion from $5.34 billion in last year's second quarter. It marked Google's lowest growth rate since the company went public five years ago. It was also the company's second consecutive quarter of single-digit revenue growth. Google had never fallen below a 30 percent pace until late last year. If not for stock compensation expenses, Google said it would have made $5.36 per share. That topped the average estimate of $5.09 per share among analysts polled by Thomson Reuters. After subtracting ad commissions, Google's net revenue totaled $4.1 billion _ about $40 million above analyst estimates. The revenue would have been about $375 million higher if the dollar had been as weak as it was a year ago, according to Patrick Pichette, Google's chief financial officer. Google's finances swing with currency fluctuations because 53 percent of the company's sales come from outside the United States. Google relied on cost cutting and an unusually low tax rate to boost its profits amid the slowing ad sales. For instance, the company trimmed its general and administrative expenses by 23 percent to save about $110 million and reduced its spending on capital projects by 80 percent, or $559 million. The financial discipline resulted in the biggest quarterly reduction in Google's payroll since Larry Page and Sergey Brin started the company in a Silicon Valley garage nearly 11 years ago. Google ended June with 19,786 employees, 378 fewer than at the end of March. A previously announced layoff of about 200 sales employees accounted for most of the reduction. Management stressed the company is still hiring. Google's second-quarter tax rate was 20 percent, well below the 25 percent range that is typical for the company. The company's shares fell $14.60, or 3.3 percent, after finishing the regular session at $442.60, up $4.43. The stock has surged by about 50 percent since it last traded below $300 in early March, reflecting investors' faith in Google to weather the recession better than most companies. Google has justified that confidence so far by managing to eke out modest growth while other ad-supported businesses are reeling. Newspapers and magazines, in particular, are envious of Google, with their advertising revenue plunging between 20 and 40 percent so far this year. Many print publishers believe Google's prosperity has been built on their backs because its search engine shows snippets of copyrighted material without sharing the revenue from ads displayed alongside the material. Google maintains it is one of the media's biggest allies because it sends millions of people to their Web sites every day. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World Obama Supreme Court pick on track for quick voteReuters - Friday, July 17 Hillary Clinton rejects notion of diminished roleReuters - Friday, July 17 Keep Guantanamo open, 9/11 families sayReuters - Friday, July 17 U.S. teen becomes youngest to sail world soloReuters - Friday, July 17 Geithner sees US finance system improvingAFP - Friday, July 17 Most Popular – World Viewed Coroners seek records from Jackson skin doctor Talking toy 'translates' dog barks Miniskirts, cleavage upset male SKoreans: survey Robert Redford marries in Germany: report Jackson wasn't ready for London comeback: father View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 17 July 2009
Iran atomic chief Aghazadeh resigns
Kidnapped French agents separated in Mogadishu
Sony Ericsson CEO sees tough times ahead as sales plunge
Talking toy 'translates' dog barks
JPMorgan profit leaps in positive sign for sector
Nokia says profits drop 66 pct
Ahmadinejad: Iran will bring down Western foes | International |
H1N1 pandemic spreading too fast to count: WHO | International |
Facebook claims 250 million users
Gates says famine is eroding North Korean military threat | International |
Pro-Zelaya protests grip Honduras ahead of talks | International |
French hostage handed to al Qaeda-linked Somali group | International |
Nokia says profits drop 66 pct
Sony Ericsson CEO sees tough times ahead as sales plunge
Former KRouge prison guard recounts 'killing field'
China absent as World Games open in Taiwan
Exchange student neglect leads to calls for reform
Facebook has privacy gaps: Canadian watchdog | Technology |
UN official, guard killed in Pakistan: officials
The Nation's weather
Palm shares sink after Apple closes iTunes sync | Technology |
Indonesia says 'foreign countries' linked to attacks
Khmer Rouge trial hears harrowing tribunal testimony
Bones lead to mystery Miami graveyard from 1900s
China scales back paramilitary forces in Urumqi
More accusers set to testify against evangelist
Obama address NAACP conference
Iowa plants to offer farmers cash for corn cobs
S.Korea's Kim Dae-Jung on respirator: officials
Bush admin official defends warrantless wiretaps
N.Korea makes documentary on Kim's life
Damage eyed as shuttle heads toward space station
Man jailed for not supporting someone else's child
BT to call back India-based staff to Britain: report
US officials confident of greater clean energy ties with China
Pakistan's current account deficit narrows in 2008/09
Reliance, DreamWorks ink film deal
Indonesia to boost police at Freeport mine
SKorea's LG Display 2Q net profit falls 60 percent
Indonesian mine's road closed after another attack
Foreign investment in Myanmar soars
Orlando Bloom's L.A. home burglarized | Entertainment |
Tokyo bourse chief decries regulation, bailouts
Stage for Madonna show collapses in France, 1 dead | Entertainment |
SKorea's tourism plug sparking negative response: official
China warns all countries not to promote Uighur leader
From woof to words: Toy 'translates' dog barks
EU awards its first literature prize, to 12 authors
Reliance, DreamWorks ink film deal
Q&A: Maxwell on music, love and his hair
Jackson death revives interest in Twitchell mural
Medvedev lauds slain Russian activist
Ahmadinejad opponents to attend weekly Iran prayers
Google Health to safeguard "end-of-life" wishes
Jakarta hotel bombs kill 9, dent investor confidence | International |
JPMorgan profits a strong sign for banking sector
U.N. council sanctions North Korea entities, officials | International |
US teen arrives home after round-the-world sail
Iceland's parliament backs applying for EU membership
Iran's Ahmadinejad vows to 'slap' any aggressor
Google profits rise in quarter to $1.48 bln
Geithner sees US finance system improving
Iranian president casts doubt on US engagement
Retail titan Wal-Mart launches 'sustainability index'
Activist murder overshadows Germany-Russia talks
Spike in British swine flu deaths as race for vaccines begins
Iran opposition looking for boost at Friday prayer
Japan PM set to keep job ahead of tough election | International |
US commerce secretary raises Internet control with China
Black boxes from Iran's crashed plane recovered
UK says could cut warheads if U.S., Russia go further | International |
U.S. wants to boost Japan nuclear umbrella: paper | International |
British MPs challenge Brown over Afghanistan
Rio rejects Chinese bribe reports | International |
Fourteen people die in Egypt crash
Ahmadinejad vows to "bring down" Western foes
Suspect arrested in Cuba priest murder: Church | International |
Iran's Mousavi plans new political front
Pro-Zelaya protests grip Honduras ahead of talks | International |
Orthodox Jews trash streets over state interference
U.S. security firms vie for Mexican drug war work | International |
Bombs kill nine in Jakarta hotels: police
Five killed, many homeless in SKorean rainstorm
Ex-Boeing engineer convicted of spying for China
Fiery Obama hails black history
Senior US envoy to visit Seoul for talks on NKorea
Gates vows to fight Congress on defense budget
Nine dead in Indonesian hotel blasts: police
US may seek more data on people flying in from EU
US lawmaker threatens funds in China Guantanamo row
Obama Supreme Court pick on track for quick vote
UN adds NKorean officials, entities to sanctions list
First female presidential helo pilot finishes tour
Falun Gong rallies in US on anniversary
Google sees YouTube profitable in near future | Technology |
Judge dismisses lawsuit against Hillary Clinton
Explosions heard at two central Jakarta hotels
U.S. video game sales post largest decline since 2000 | Technology |
Witness quotes from Sotomayor hearings
Man arrested for murder of Polish hostage in Pakistan
LA man arrested in wife's high-seas death
N.J. drivers support texting ban but still do it | Technology |
Dems at odds with White House on F-22 funding
Latest 'Harry Potter' makes record mid-week debut
Police collar suspect in Paris wine thefts
Latest 'Harry Potter' makes record mid-week debut
New Michael Jackson song leaked to celebrity website
NPS to meet global managers to boost foreign assets
Suspects' Boycott Delays 9/11 Hearing At Guantanamo
TV comedy is Tina Fey's world
S.Korea June LNG imports fall to 1.46 mln T
New Jersey Stakeout Turns Deadly When Suspect Begins Firing; 5 Cops Wounded, 2 Suspects Dead
California Teen Youngest To Sail World Alone
Rising interest, pricetag for Warhol portrait of Jackson
Safe, Guns Found In Murders Of Pensacola Couple
World's cheapest car hits Indian streets
Obama Gives First Speech Before NAACP As President
Emmy streakers looking to stay alive
Korea Hot Stocks
Minimum Wage To Jump On July 24
S.Korea c.bank sells 1.5 trln won MSBs via window sale
Chicago's Sears Tower Is Now Willis Tower
A mild 'Vanities' celebrates female friendship
CIT Group Shares Tumble Over 75% As Collapse Seems Inevitable
Taiwan dollar up on risk appetite after US earnings
`Potter' enchants fans with $58.2M opening day
Romney Is Top Republican Choice For 2012, Latest Gallup Says
Developing: 2 Suspects Dead, 5 Cops Wounded In Jersey Shootout
New video shows Jackson's head catching fire
S.Korean bonds fall on data, co earnings
Esteemed stage actor relishes Dumbledore role
Six killed in central Jakarta hotel bombings
Seoul shares open firm; LG Display rises
S.Korea department store sales rise for 4th month
New Harry Potter movie sets world opening record | Entertainment |
Michael Jackson's wife sues over custody reports | Entertainment |
30 Rock leads fresher-looking Emmys | Entertainment |
Indonesia to send more police to Freeport mine
Actress Mischa Barton on psych hold in L.A | Entertainment |
Rapper Asher Roth says he is no Eminem | Entertainment |
Family Guy smashes Emmy barrier for cartoons | Entertainment |
Stage for Madonna show collapses in France, 1 dead | Entertainment |
Hannah Montana, Mariah Carey hit U.S. singles chart | Entertainment |
US videogame sales slid again in June: NPD
Iran vote detainees must be freed: Rafsanjani
Stretched British Airways plans to raise £600m
Shuttle Endeavour cleared for ISS docking
Turkmenistan signs landmark gas exploration deal
"Angela's Ashes" Author Frank McCourt Gravely Ill With Meningitis
Cleric says Iran in crisis, police fight protesters | International |
Iran police tear gas Mousavi supporters
Troop deaths spiral in Afghanistan as debate rages | International |
2 dead in Ingushetia attack, minister alive: official
Mischa Barton Reportedly Placed Under Psychiatric Hold
Sudan's former foes remain divided after talks
Iran opposition hold fresh demos in Tehran
Ingushetia minister shot dead: official
Michael Jackson's Ex-Wife Debbie Rowe Sues Over Alleged False Email Claims
Back Pakistan in terror fight, Clinton tells India | International |
Iran's Ahmadinejad appoints new atomic chief, first VP
Farrah Fawcett Posthumously Nominated For An Emmy Award
Harry Potter And The Half-Blood Prince Makes Record-Breaking $104 Million Box Office Gross On First Day
Suspected U.S. drone kills five militants in Pakistan | International |
Mashaie appointed Iran's new first vice president
U.N. not to name culprits in Bhutto assassination | International |
Facebook Faces Privacy Issues In Canada
Mosques reopen in China's Xinjiang under heavy security | International |
U2 Frontman Bono And Former British PM Tony Blair Tapped As Speakers At Leadership Summit
Pope breaks wrist after slipping in bath | International |
Black Eyed Peas Top Hot 100 For Another Week With "I Gotta Feeling"
Stage Collapse For Madonna Marseille Show Leaves 1 Dead, 6 Injured
NBC's '30 Rock' Gets 22 Emmy Nods
Microsoft and Yahoo near ad deal: report | Technology |
NKorea faces worst crisis since 1994: think tank
Storm lashes Philippine capital: officials
Ten climbers die in Japan in bad weather: police
Danish troops in Afghanistan get Facebook warning | Technology |
Efforts to oust Japan's PM falter
Google's slowing 2Q ad sales overshadow earnings
Chinese police say protest foreigner still alive
Apollo 11 lunar navigation chart sells for $218K
Miracle survivor leaves Australian hospital
Space shuttle Endeavour closes in on space station
Japan PM set to keep job ahead of tough election
La. infant with 100 small animal bites found dead
Navajos mark 30th anniversary of uranium spill
Calif. removed from federal gay marriage case
'Safe' yen higher after Jakarta bomb blasts
China cash boosts Myanmar investment: ministry
Nissan Motor may expand hybrid range: official
Seoul shares end firm helped by LG Elec, Display =2
SKorea's POSCO confirms buying Vietnam steel mill
Seoul shares end firm helped by LG Elec, Display
S.Korea apartment prices up for 6th week-bank data
China urges Russian calm on bazaar crackdown
Latin America gets taste of France's 'raw art'
Police: Bombs at Jakarta hotels kill 4 foreigners
New Harry Potter movie sets world opening record | Entertainment |
Pakistan dancing girls fear return to Swat
Cuba's land distribution plan keeps farmers waiting
Cambodia tries to tame traffic chaos
'Womb for hire': growing surrogacy in US
Salsa musician Ruben Blades visits Harvard archive
Big Letterman win in weekly late-night ratings
Modernist photographer Julius Shulman dies in LA
MJ's brothers to attend Jamaica's Reggae Sumfest
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01