Google reported its second quarter results after markets closed Thursday, posting a 28 percent rise in quarterly profit that fell short of consensus expectations -- despite rapid international growth and market share gains. Eric Schmidt, chief executive of Google, cited a "seasonally slow quarter.”
Google shares slipped roughly 7% in after-hours trading.
Second-quarter net income rose to $925 million, or $2.93 per diluted share, compared with the year-ago quarter's $721.1 million, or $2.33 per share. Analysts surveyed by Thomson Financial had predicted quarterly earnings per share of $3.59, on revenue of $2.683 billion.