Google 4Q earnings nearly triple
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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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YESTERDAY Close $639.62 Change +$6.14 52-WEEK High $641.41 Low $417.50 Google Inc., the owner of the most popular Internet search engine, said third-quarter profit jumped 46 percent, beating analysts' estimates, after the company extended its lead over Yahoo Inc. and grew outside the United States.
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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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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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Internet search firm Google sees third quarter profits more than double on the back of strong advertising revenues.
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Web search leader Google Inc. posted quarterly earnings on Tuesday that blew past expectations on strong Web search advertising, driving its share price up almost 10 percent to a record high.
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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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GOOGLEâS already soaring stock price rocketed even higher after reporting strong growth in its first quarter as a public company, prompting sceptics to again caution against Googlemania getting out of control.
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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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Google Wednesday reported strong increases in fourth-quarter and full-year sales and profits that topped Wall Street forecasts thanks to robust growth in online advertising.
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Google Reports $805 Million in Gross Revenues for Third Quarter  Google (GOOG on the stock market) today announced financial results for the quarter ended Sept. 30, 2004. Total revenue in the quarter totaled a record $805.9 million, representing a 15 percent increase over the second quarter of 2004 and a 105 ...
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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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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.
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Web search leader Google Inc.  GOOG.O, 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 again posted record earnings yesterday as the company continues to gobble up search and online advertising market share.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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Google Inc.&#39;s already soaring stock price rocketed even higher on Thursday after reporting strong growth in its first quarter as a public company, prompting skeptics