Google reports earnings, revenue jump

Internet search leader Google's second-quarter earnings more than doubled as online advertising revenues soared, an AFP report said.

The report said the Internet search leader's net profit for the April-June period hit $721 million, compared to $343 million in the same quarter last year.

The figure translated into earnings per share of $2.33, well ahead of Wall Street's target of $2.22.

Revenue surged 78% to $2.46 billion in the quarter as Google entrenched its dominance of Internet searches and the online advertisers they attracted.

Google's stellar performance came after its leading rival Yahoo unveiled quarterly earnings that were merely in line with analyst forecasts, the report said.

Google, in contrast, remained a darling of investors and Wall Street. The search titan said that in the quarter to June, revenues from Google-owned sites surged 94% to $1.43 billion, according to the report.

The report further said sales from Google's partner sites generated through its popular "AdSense" program rose 58% to $997 million.