Google Profit Up 46%, Exceeding Estimates
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The Internet search giant posted profit of $1.07 billion, fueled by strong performance in its search and advertising business.
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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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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 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.
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In its first earnings report as a public company, Google posted a third-quarter profit of $52 million, more than doubling its profits year-over-year thanks to booming online-advertising revenue.
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Internet search engine Google thanks strong advertising sales for a target-beating rise in both turnover and profits.
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Google Inc.'s fourth-quarter profit nearly tripled as the online search engine leader once again sprinted past analyst expectations, but the breathtaking growth wasn't enough to satisfy investors.
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Google surprised Wall Street Thursday, reporting higher than expected revenue and profits due to increased market share and cost-cutting measures.
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(InfoWorld) - Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average. Google generated revenue of $3.21 billion, an increase of 67 percent compared to the fourth quarter of 2005. Subtracting the commissions it pays to its advertising partners, revenue came in at $2.23 billion, topping the consensus expectation of $2.195 billion from analysts polled by Thomson Financial. Net income was $1.03 billion, or $3.29 per share, compared with $372.2 million, or $1.22 per share, in 2005's fourth quarter. On a pro forma basis, which excludes certain items, net income was $997 million, or $3.18 per share, topping analysts' expectation of $2.92 per share.
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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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Web search leader Google Inc.  GOOG.O on Tuesday posted a higher quarterly profit as the  holidays boosted already strong Web search advertising.
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Profits at Dell, the world's number two computer maker, soar 46% helped by lower component costs.
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Google Inc.'s fourth-quarter profit nearly tripled amid another burst of breathtaking growth that enabled the online search leader to sprint past analyst expectations &#151; a habit that has helped propel its stock price above $500.
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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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Internet search firm Google sees third quarter profits more than double on the back of strong advertising revenues.
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Google rose $14.97 to close at $187.40 per share, giving it a market value of $51.4 billion compared to $47.9 billion for Internet rival Yahoo.
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Google again posted record earnings yesterday as the company continues to gobble up search and online advertising market share.