Now these are some impressive numbers from Google.
If not for charges related to a recent acquisition and employee stock options issued before the company went public 14 months ago, Google said it would have earned $1.51 per share.
That figure easily exceeded the consensus estimate of $1.36 per share among 31 analysts surveyed by Thomson Financial. Even the most bullish analysts hadn't expected Google to fare as well as it did; the highest earnings estimate had been $1.46 per share.
Google's revenue for the quarter totaled $1.58 billion, nearly doubling from $805.9 million last year. After subtracting the commissions that Google paid to other Web sites in its advertising network, the revenue stood at $1.05 billion, exceeding the Wall Street estimate of $944 million.
Now that really is blowing past the numbers. I especially like how their revenues grew so much. That means more people are going to Google then before and ads there are hot properties. I wonder if they will really be buying out AOL here. That would certainly make Google a force to reckoned with. AOLs portal with Googles search engine, e-mail, blogging and instant messaging. I would probably make it my new homepage. Sorry Yahoo.
No comments:
Post a Comment