Google released it 1st Quater profit’s today after the market closed soundly beating Wall Street’s estimates.,
Google’s net income rose 30% to $1.31 billion, or $4.12 per share.
Excluding one-time charges, Google said it earned $1.54 billion, or $4.84 per share, beating estimates of analysts polled by Thomson Financial, who typically exclude one-time items from their estimates, of $4.52 cents per share.
Sales rose 42% to $5.2 billion.
More than half of Google’s sales came from outside the U.S.
Google jumped more than 20% in after-hours trading on the news up $75 a share
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4 responses so far ↓
1 Eevon // Apr 17, 2008 at 11:20 pm
I don’t get it, Google’s profit always rises, but domainers PPC income seems to drop.
2 FX // Apr 18, 2008 at 12:28 am
Eevon, it has to do with a nice little feature Google implemented allowing advertisers to opt out of specific domains or traffic channels such as information.com from DomainSponsor. Google is not alone, I see some yahoo advertisers have opted out of the domain channel as well.
3 damir // Apr 18, 2008 at 6:43 am
Nice Info.
The most rewarding things you do in life are often the ones that look like they cannot be done. - Arnold Palmer
4 admin // Apr 18, 2008 at 7:43 am
Google profit is also rising because of “smart pricing” a nice feature that allows Google to pay you less for the same traffic, without any explanation or verification.
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