Google Defies Its Warning, Growing Briskly
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Google, the Internet search company, surprised Wall Street by announcing that its sales and profit margins grew much faster than expected in the fourth quarter.
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Google Inc.'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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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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Google Inc. Thursday warned that the growth it has showed so far this year may not be sustainable.
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Google stock jumped above $500 for the first time Tuesday, leaving the shares up nearly 500 percent since the world's No. 1 search engine went public little more than two years ago.
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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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Internet search engine giant Google Inc. trumped analysts&#39; revenue forecasts in its first quarter as a public company, but still fell far short of the mark on earnings.
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Google plans to raise as much as $1.67 billion in its public stock offering today, but even that impressive estimate doesn't hide the fact that the hype surrounding the search engine's IPO is only half as hot as yesterday. -washingtonpost.com
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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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Google stock jumped 18 percent in its long-awaited but rocky debut Thursday.
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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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Despite some market concerns over Google&#39;s growth potential in a slowing economy, the search giant continues to report strong growth, with fourth-quarter revenue up 51 percent over the same period the year before.
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A humbled Google Inc. makes its market debut on the Nasdaq exchange this morning after raising $1.67 billion in an initial public offering that fetched about half of what the Web search company had previously estimated.
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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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Strong revenue growth for Web search leader Google Inc. prompted analysts to raise share price targets for the company on Thursday, but investors failed to take the cue, sending the stock down 3 percent.
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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.
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Google, the world's most-used internet search engine, warns that fiercer competition is set to hit sales growth.