Google’s 1st Q profits Tops Estimates: Stock up 20% after hours

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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

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  2. FX says

    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 says

    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 says

    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.