Google Shares Rise as Profit, Sales More Than Double
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Google Inc.&#39;s shares surged to more than twice its initial public offering price after third-quarter profit and sales more the doubled and the company said the market for Web advertising shows no signs of slowing.
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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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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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Internet marketing company DoubleClick Inc. (DCLK.O: Quote, Profile, Research) on Thursday said quarterly profit more than doubled with one-time gains, but its shares fell after hours
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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.
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Web search leader Google Inc.   on Thursday posted an industry-leading 110 percent  rise in quarterly profits as the company dodged the slowing  growth trend that has hurt rivals Yahoo and eBay.
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Yahoo Inc. reported on Tuesday a quarterly net profit that more than tripled from the year earlier, boosted by the sale of shares it held in rival Google Inc. and stronger online ad revenue that analysts said may signal good results from other Web search providers.
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Web search leader Google Inc.  on Thursday reported a 28 percent rise in profits that fell short of consensus expectations, despite rapid international growth and market share gains over rivals.
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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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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.
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Web search leader Google Inc. , in its first earnings report as a publicly held company, on Thursday posted a profit of &#36;52.0 million in the third quarter on strong Web search advertising.
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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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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.Google reported revenue of $4.83 billion for the quarter ending Dec. 31 using GAAP (generally accepted accounting principles). Net income for the period was $1.21 billion, compared to $1.01 billion in the third quarter of 2007.With earnings per share of $4.43, Google just missed analyst consensus of $4.44 on a non-GAAP basis, as polled by First Call.Google continues to increase revenue from outside the United States, reporting that 48 percent of total revenue in the quarter came from international markets. That&#39;s up from 44 percent in the same period a year earlier but the same as the third-quarter 2007.In a statement, Google&#39;s CEO Eric Schmidt said that the report reflects strong momentum in the company&#39;s core business as well as a growing receptivity to its new businesses.
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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 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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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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CHICAGO/SAN FRANCISCO  - 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.