Google (NASDAQ:GOOG) reported Q2 EPS of $8.74, beating consensus estimates of $7.86. Revenues rose 36% year-over-year to $6.92 billion, better than analyst expectations of $6.55 billion. Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of Google’s AdSense partners, increased approximately 18% over the Q2 of 2010. Larry Page, CEO of Google said, “We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue. I’m super excited about the amazing response to Google+ which lets you share just like in real life.” Shares of the company are trading up over 10% to $585.75 in after hours trade. Google has a potential upside of 34.3% based on a current price of $528.94 and an average consensus analyst price target of $710.34.
