Google Ads Send Profit Up, Shares Soar
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Web search leader Google Inc.  posted quarterly earnings on Tuesday that blew past  expectations on strong Web search advertising, driving its  share price up almost 10 percent to a record high.
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Google Inc.&#39;s already soaring stock price rocketed even higher on Thursday after reporting strong growth in its first quarter as a public company, prompting skeptics
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Shares in Google, the Internet search engine, continue to rise and broke the $135 ceiling.
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Google&#39;s first quarterly earnings statement since its recent IPO rewarded investors with the news that the company has doubled its profits in the past year.
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Shares of Google Inc., the Internet search engine that first sold stock to the public in August, surged 15 percent after profit more than doubled, and the company said online advertising sales show no signs of slowing.
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Continuing a recent surge driven by Wall Street's high expectations for the company, Google's shares rose $9.67, or nearly 2 percent, to $504.72 in morning trading on the Nasdaq
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Shares of newly public Google  Inc. GOOG.O on Tuesday hit a new high and posted  their  largest single-day percentage gain after five investment banks  issued bullish reports on the leading Web search provider.
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Google Wednesday reported strong increases in fourth-quarter and full-year sales and profits that topped Wall Street forecasts thanks to robust growth in online advertising.
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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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Few companies can offer Wall Street a 28 percent gain in profit and a 58 percent increase in revenue and then have their stock prices drop. But that's exactly what happened to Google, which had repeatedly exceeded the quarterly targets set by financial analysts -- until now.
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With shares of Google (GOOG:Nasdaq - news - research) soaring ever higher, the popular Internet search engine is winning praise for sticking with guns and using an unconventional auction system to sell its shares to the public.
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GOOGLE, the internet search company, defied its doubters last night as it reported a doubling of quarterly revenues on strong advertising demand.
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Yahoo Inc. reported yesterday that its profit more than tripled in the third quarter as the Internet service recorded substantial increases in advertising and a giant gain from the sale of part of its stake in rival Google Inc.
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Web search leader Google Inc   reported on Thursday a 46 percent rise in profit that  topped analysts' expectations, as revenues grew 57 percent and  comfortably outpaced expense growth, reassuring investors.
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Shares of Google, the most-used Internet search engine, which went public this summer, surged 17 percent Friday after quarterly profit more than doubled and the company said the market for Internet advertising was showing no signs of slowing.
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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 leader Google Inc.  GOOG.O, in its first earnings report as a publicly held  company, on Thursday posted a profit of $52.0 million in the  third quarter on strong Web search advertising.