Around the Net
Google Shares Leap As Larry Page Hints Spending To Be More Controlled
- The Telegraph, Friday, July 17, 2015 9:32 AM
After years of big spending on risky projects that chief executive Larry Page proudly hailed as “moonshots”, there are signs Google may be showing signs of financial discipline. The search giant’s shares jumped 11pc in after-hours trading after it ended a run of six consecutive quarters in which earnings have missed analyst estimates. The company’s consolidated revenue rose 11pc to $17.73bn in the three months ended June 30. Net income climbed 17pc to $3.93bn.
