GOOG Misses, beats on revs

Google misses by $0.07, beats on revs (494.02 +2.68)

Reports Q2 (Jun) earnings of $6.45 per share, $0.07 worse than the Thomson Reuters consensus of $6.52; revenues ex-TAC rose 25.0% year/year to $5.09 bln vs the $4.99 bln consensus. GOOG Average cost per click -3% q/q, Q1: +4%; Average Paid Clicks +2% q/q, Q1: +5%. Non-GAAP operating income in the second quarter of 2010 was $2.67 billion, or 39% of revenues. This compares to non-GAAP operating income of $2.17 billion, or 39% of revenues, in the second quarter of 2009.