Bangalore: Google made a whopping 3 billion profit in second quarter but failed to impress Wall Street as expectations of the analyst fell flat, reports Times Of India. The weakening online prices and losses incurred due to Motorola apparently weighed on the bottom line.

In the quarterly report the search giant said that the profits rose 16 percent from a year ago. The company reported a profit of $3.23 billion, up from $2.79 billion a year ago. The adjusted earnings translate to $9.56 per share, far below the Wall Street expectations of $10.78. The overall revenues were up 19 per cent to $14.11 billion, also below most analyst forecasts. Though the company’s shares fell 4.1 percent in after-hour trading to $873.49 instead of reaching the record run of $1,000 level, Google’s CEO Larry Page put a positive spin, "Google had a great quarter with over $14 billion in revenue -- up 19 per cent year-on-year," he said.

And he also said that the company sees positive since "the shift from one screen to multiple screens and mobility creates tremendous opportunity for Google.” He also added, "with more devices, more information, and more activity online than ever, the potential to improve people's lives even more is immense."

The company said that about 55 percent of the revenue which counts to $7.2 billion has come from outside of U.S. which is roughly the same amount as the past quarter and the same period last year.

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