Google Reports First Profit as Public Company
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Google's third-quarter profit more than doubled, reflecting a continued surge in the online advertising distributed by its Internet-leading search engine.
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Web search leader Google Inc. , in its first earnings report as a publicly held company, on Thursday posted quarterly net income and revenue that more than doubled on strong Web search advertising.
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Google stock opened this morning at $100.01 a share, about 18 percent above the $85 price set in the company's initial public offering on Wednesday.
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Google's already soaring stock price rocketed even higher after reporting strong growth in its first quarter as a public company.
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The owner of the world&#39;s second most used internet search engine posted net income of $253.3m (Â£141m) or 17 cents a share, including a gain related to the sale of a portion of its stake in Google.
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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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Web search leader Google (GOOG) Thursday posted a rise in quarterly profit that beat expectations and showed the company dodged the slowing growth trend that has hurt rivals Yahoo and eBay.
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SAN JOSE, California --On the cusp of its voyage into public trading, Google&#39;s initial stock price was set at $85 and its market value calculated at $23 billion--less than originally expected, but still impressive for a 6-year-old dot-com ...
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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 accelerating market share gains and tighter cost controls.
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Google Inc.'s GOOG.O initial  public offering of 19.6 million shares priced at $85 each, the  low end of their projected range, a source familiar with the  auction said on Wednesday, raising $1.67 billion and making it  the fourth-largest U.S. IPO this year.
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p2pnet.net News:- Posting its first results as a publicly held company, Google says its third-quarter earnings and revenues have more than doubled from a year ago, riding on an &quot;online advertising boom that continues to gather steam,&quot; says the Boston Globe
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GoogleÂs shares gained $14.60, or 3 percent, to close at $509.65, passing the $500 mark for the first time.
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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 giant Google has priced its long-awaited initial public offering (IPO) at just under $120 a share, far below initial expectations.
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Shares of Google Inc. (GOOG.O) rose 15 percent to &#36;98 in the first minutes of their Nasdaq stock market debut on Thursday after the year's most anticipated initial public offering priced far below initial estimates.
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SAN JOSE, Calif. - Initial shares of Google Inc...
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SAN FRANCISCO -- 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.