Wow Google is really going all out by beating estimates again.
Excluding expenses for employee stock compensation and several other one-time items, Google said it would have earned $2.49 per share -- well above the average estimate of $2.22 per share among 32 analysts surveyed by Thomson Financial.
It marks the seventh time in eight quarters as a public company that Google has soared past the earnings hurdle set by Wall Street, even though its management insists the search engine isn't being steered by investors' relentless push for higher profit.
It also seems to be putting out these good numbers at Yahoo's expense:
Through June, Google held a 44.7 percent share of the U.S. search engine market, up from 36.9 percent at the same time last year, according to comScore Media Metrix. Yahoo ranked a distant second at a 28.5 percent share, comScore said.
Google's Web sites also have been attracting more new users than Yahoo, Microsoft Corp. and Time Warner Inc. -- the owners of the Internet's most trafficked Web sites.
Too bad they won't split their stock to make it more reasonable to buy a round lot.
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