The Mountain View, Calif.-based company GOOGL, -0.33% GOOG, -0.50% reported second-quarter net income of $9.95 billion, or $14.21 a share, compared with $4.54 a share in the year-ago period. Revenue was $38.94 billion, up 19% from the same quarter a year ago. Analysts surveyed by FactSet had estimated $11.10 a share on revenue of $38.15 billion.
The dark cloud of federal antitrust investigations of Google, Apple Inc. AAPL, -0.79% Amazon.com Inc. AMZN, -1.35% and Facebook is expected to increasingly weigh heavily on their results in coming quarters, Wedbush Securities analyst Daniel Ives said.
OK MarketWatch, riddle me a joke.
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