SAN FRANCISCO: Google's earnings rose modestly in the second quarter as the internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. The report released on Thursday also showed that Google's advertising prices are still dropping to extend a nearly three-year slump. Meanwhile, the company's expenses are steadily rising as it hires more workers, promotes products and ventures into new technological frontiers such as internet-connected eyewear, driverless cars and robots. Those trends have frustrated many investors, causing Google's stock to lag the broader market this year even though most analysts still view the company as a prudent long-term investment. The company's shares had gained 4% through Thursday's close, compared to a 6% increase in the Standard & Poor's 500 index. Investors saw more positives than negatives in the second-quarter numbers as Google's stock added $5.74 to $579.47 in exten...
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