- "Accounting adjustments to reflect weak online ad business led to its first quarterly loss in its 26 years as a public company.
- Microsoft took a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn't yielded the returns envisioned by management.
- $492 million loss in the April-June quarter, or 6 cents a share.
- That compares with earnings of $5.9 billion, or 69 cents, a year ago.
- Revenue rose 4% to $18.06 billion
Google
- Second-quarter earnings rose 11% despite a deepening decline in the prices paid for its Internet search advertising
- Google earned $2.8 billion, or $8.42 per share
- That compared with net income of $2.5 billion, or $7.68 per share, last year.
- The results announced today included Google's $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings.
No comments:
Post a Comment