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Google net rises on Web search market share gains

Stock up 4% after-hours

   
8:17 pm on Apr 20, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



SAN FRANCISCO, April 20 (Reuters) - Google Inc. (GOOG.O: Quote, Profile, Research), the world's largest Web search supplier, on Thursday said net income jumped as revenue rose 79 percent, fueled by market share gains against rivals such as Yahoo Inc. and Microsoft Corp.

Net income for the first quarter rose to $592 million, or $1.95 per diluted share, compared with the year-earlier quarter's $372 million, or $1.29 per diluted share. Revenue rose 79 percent to $2.25 billion -- compared with Wall Street forecasts for 63 percent to 78 percent growth.

Excluding one-time items and stock-based compensation, Wall Street analysts were looking for a consensus profit of $1.98 per share.

[edited by: Chris_R at 1:16 am (utc) on April 21, 2006]
[edit reason] clipped to four sentences per TOS [/edit]

10:06 pm on Apr 20, 2006 (gmt 0)

10+ Year Member



I'm not shocked at all. Just loook at the PPC biding lately, pricing has doubled.

You can normally tell how well a company will do just from your own advertising account. ;)

1:27 am on Apr 21, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



[today.reuters.com...]

Is the link for the story quoted.

We also have a thread in adsense about it here:

[webmasterworld.com...]

and here is the official Google release:

[investor.google.com...]

I think it is good new they finally managed to incease their international revenue. It actually had dropped 1 point last quarter - after staying steady (to the percentage point)for the four quarters previously.