Google net revenue jumped $7.51 billion, compared with estimates of $7.31 billion. (this is "net" of acquisition costs)
Traffic acquisition costs were $2.21 billion.
Google's tax rate a paltry 19% - must be nice. Double Irish and Dutch Sandwich is working out well (55% of revenue is now overseas, and it won't be repatriated anytime soon). (see related Blopmberg story)
- Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Technically the stock had just eeked over the 200 day moving average the past few days...