Google earnings surge on ad sales
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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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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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Google reported a 17 percent jump in profit and a 51 percent growth in revenue in the fourth quarter, falling shy of Wall Streetâs expectations.
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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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Web search leader Google Inc  reported on Thursday a 46 percent rise in profit that topped Wall Street expectations, fueled by recent accelerating market share gains and tightened cost controls.
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Google Shares Surge On Market Forecasts  On Friday Google stocks soared up 20 percent on earnings news to trade at over 100% of its lower than expected IPO price two months ago. Google reported an earnings report on Thursday which showed large gains in come due to to the Google AdWords ...
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Internet advertising revenues jumped 40 percent in the first half of this year, driven largely by the growing popularity of keyword ads tied to search results.
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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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NEW YORK -- Internet advertising revenues jumped 40 percent in the first half of this year, driven largely by the growing popularity of keyword ads tied to search results.
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Google Inc.'s stock reached a new high Friday, reflecting Wall Street's renewed faith in the Internet search leader as it introduces new ways for advertisers to reach its steadily expanding online audience.
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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.'s third-quarter profit soared 46 percent to hurdle the enormous expectations that have elevated the Internet search leader's stock price by more $100 during the past month.
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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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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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Google Inc. said third-quarter profit and sales more than doubled as it sold more advertising and attracted more Internet surfers to its Web sites.
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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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Google Inc.  stock jumped more than 12 percent on Wednesday to new highs, pushing the Web search leader past eBay Inc.  as the biggest Internet company in terms of stock market value, after trouncing quarterly earnings forecasts.