Ron Burgundy Posted April 23, 2015 Share Posted April 23, 2015 Google Inc reported higher quarterly revenue and profit as rising ad volume offset the impact of the strong dollar, sending its stock higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses. Analysts on average had expected revenue of $17.5 billion, according to Thomson Reuters I/B/E/S. "Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17 percent year on year,†Google Chief Financial Officer Patrick Pichette said in a statement. View the full article Quote Link to comment Share on other sites More sharing options...
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