Google Posts Sharp Rise in Sales and Profits
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Googleâs blockbuster growth continued, but investors were apparently hoping for even better fourth-quarter results.
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The world's most popular internet search engine, Google, says profits and sales more than double in the third quarter on strong ad demand.
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SAN JOSE, Calif. _ In a measure of the extraordinarily high expectations investors have for Google, the Internet giant reported that quarterly profits soared above $1 billion for the first time _ and disappointed investors promptly sold the stock.
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YESTERDAY Close $639.62 Change +$6.14 52-WEEK High $641.41 Low $417.50 Google Inc., the owner of the most popular Internet search engine, said third-quarter profit jumped 46 percent, beating analysts' estimates, after the company extended its lead over Yahoo Inc. and grew outside the United States.
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NEW YORK/SAN FRANCISCO  - Shares of Google Inc.  rose as much as 20 percent on Friday, to trade at more than  twice the level of its cut-price IPO, after the Web search  leader posted strong quarterly results in its first reported  quarter as a public company.
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Anyone who was concerned that Internet search giant Google would be hampered by going public in August can breathe easy as Google announces, in its first financial results since floating on the stock market, that its profits have more than doubled.
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Internet search giant Google, which raised &#36;1.7 billion in a highly publicized IPO, announced its first quarterly earnings as a public company Thursday, and the results were stellar. Google reported revenue of &#36;805.9 million, more than double last year's &#36;393.3 million.
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Web search leader Google Inc.  on Thursday reported a 28 percent rise in profits that fell short of consensus expectations, despite rapid international growth and market share gains over rivals.
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Internet search engine Google says its ability to cash in on web adverts helped its profits triple in the last quarter of 2006.
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Shares of Google Inc. gained more than 15 percent on Friday, to trade at more than twice the level of its cut-price IPO, after the Web search leader delivered strong quarterly results in its first reported quarter as a public company.
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CHICAGO/SAN FRANCISCO  - Shares of Google Inc. hit  a new high on Monday, giving the Web search leader a bigger  market value than rival Yahoo Inc., as traders who had shorted  the stock scrambled to buy back scarce shares after Google's  better-than-expected quarterly results last week.
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Stock of Google Inc.  powered to new highs on Friday, buoyed by the web search leader's new products and growth prospects, which complement its recent strong financial results, analysts said.
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Web search giant Google sees profits leap 46% in the third quarter, beating expectations, as it gains market share.
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Google says its ability to cash in on web adverts helped its profits triple in the last quarter of 2006.
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Google reported today that its fourth-quarter profit nearly tripled from a year ago as the world's most popular search engine continued to expand its dominant role on the Web, especially in the highly lucrative area of online advertising.
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Web search leader Google Inc. , in its first earnings report as a publicly held company, on Thursday posted a profit of &#36;52.0 million in the third quarter on strong Web search advertising.
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Google Inc. yesterday reported that sales and profit more than doubled in the third quarter -- despite a one-time expense of more than $200 million -- as the company issued its first quarterly financial report since going public.