Google dives in after hours after missing the street

Google (NASDAQ:GOOG) says its revenue grew 19 per cent in the second quarter but the results missed street expectations.

The internet giant's revenue was $14.1 billion compared to the street's $14.4 billion estimate.

Operating income came to $3.1 billion, versus $3.2 billion for the same period last year.

Google's net income was $3.2 billion or $9.54 per share, compared to $2.8 billion or $8.42 per share in the second quarter of 2012.

On an adjusted basis, Google earned $3.2 billion or $9.56 per share versus the mean analyst forecast of $10.78.

Shares of Google slid 4.6 per cent in after hours.
Source