Shares in Google fall

Jul 19 2008 by Peter McCusker, The Journal

A 35% JUMP in second quarter profits at Google has failed to ease concerns about the impact of the ailing US economy on the internet search engine.

Google earned $1.25bn in the quarter to June, up from $925m last year. But the results were the fourth time it has failed to hit targets in four years as a public firm, causing shares to fall 7%.