Google's Q2 profit tops estimates, new CFO keeps closer eye on costs

New York

INVESTORS have spent the last year telling Google to stop opening its wallet so much. On Thursday, they got their wish.

In the first earnings report for Ruth Porat, the chief financial officer Google lured from Morgan Stanley, she said that the company was keeping a closer eye on costs. The numbers backed her up, with revenue and profits outpacing the expectations of Wall Street.