Google Skyrockets on Q2 Earnings Beat

Shares of Google

are jumping in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 11.30%, trading at $588.70; they ended the regular session lower by 1.73%, at $528.94. Google reported Q2 EPS of $8.74 on revenues of $6.92 billion; the Street was looking for $7.83 per share on revenues of $6.55 billion. Revenues increased 36% year over year. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~12% over the second quarter of 2010 and increased ~6% over the first quarter of 2011. Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~18% over the second quarter of 2010 and decreased ~2% over the first quarter of 2011. Google Inc. is focused on improving the ways people connect with information. The company generates revenue primarily by delivering online advertising.