Google revenues double to $800m
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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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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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The search giantâs surging third quarter profits showed that it was growing at twice the speed of the online advertising market, which itself is booming.
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For investors in Google Inc., it's the roaring '90s redux. Shares of the Web search giant leapt 15.43 percent yesterday, on the heels of a 6.33 percent spurt the previous day, even as the broader financial markets continued to retreat. By the time they closed at $172.43 yesterday, Google shares had more than doubled in value since the company went ...
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Amazon.com Inc. reported net sales of $1.46 billion in its third quarter, while Google reported $805.9 million in revenue, an increase of 105% over the same quarter last year.
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For Silicon Valley's most dynamic company there is no ceiling, apparently. Google reports another robust quarter, with profits up 46 percent.
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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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Google closed out its fiscal year 2006 having reaped just over $3.2 billion in revenues for the final quarter, a gain of two thirds over the fourth quarter of 2005. Of that $3.2 billion, just over $1 billion of that is net earnings, an 86% annual gain â meaning Google is even more efficient now than it was last year.
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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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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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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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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 it 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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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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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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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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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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GoogleÂs shares gained $14.60, or 3 percent, today to close at $509.65, passing the $500 mark for the first time.