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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
OK MarketWatch, riddle me a joke.