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Google's Q1 profit up 31% to $1.31B
Google Inc. on Thursday reported first-quarter net income of $1.31 billion, or $4.12 a share, compared to $1 billion, or $3.18 a share, in the same period last year.
My answer remains the same, although I'll rephrase it:
Comscore is about as accurate as consulting a Ouija Board.
Once again Google proves that the only people who really know what's going on at Google, are the top people at Google. No one else has all the data.
There will come a day when that will come back to haunt them.
Got a source for that? On WebmasterWorld, I think I've seen a good number of publishers saying they were even or up. Maybe we've seen more than an average number of people saying they are down, but then the people with poor results are more likely to post.
So, again, what's your source for that impressive statistic?
Well, I'm the one laughing now. I bought GOOG stock last month at $430 ....
Also need to remember (and a few analysts are saying the same thing) that there mnay still be some skeletons in the closet to come on earnings etc. that may keep it all in check.
This could also be earnings manipulation - it is always simply a paper process to shift around expenses and earnings across quarters or to end of financial year etc to make interims seem better or worse. Of course it will always shake out (unlike Enron for too long) but be interesting to see whether any more Directors start seling their shares in the next few weeks.
Am I right in thinking investors get their profits purely on share price - ie there's no divi's right?
BillyS has pointed out an interesting piece of news in the report: Google's revenues actually rose faster than their profits. So, compared to the previous quarter, they were distributing more of their earnings to their partners.
Of course, if you prefer to believe that Google keeps taking more and more from publishers, you are free to ignore that inconvenient fact.
What really annoys me is the absence of a real competitor, the intransparency of Google's system, and the lack of any tools to control what ads are being displayed. I will cheer for 24 hours non-stop on the day GOOG stock will drop like a rock (yes, I still believe this day will come).
Online auctioneer EBay Inc. said April 16 that the weak dollar contributed to a 32 percent gain in overseas revenue in the first quarter, twice as fast as U.S. sales. International sales make up 53 percent of the San Jose, California-based company's revenue.
Google, owner of the most popular Internet search engine, yesterday said international sales jumped 55 percent in the first quarter, helping the company top analysts' earnings estimates. Without the change in currency rates, revenue would have been $202 million lower, the Mountain View, California-based company said.
from the OP story:
"After subtracting the commissions paid to the company's advertising partners, Google's revenue stood at $3.7 billion — about $100 million above analyst estimates."
So, Goog would have been $100 mil short had the dollar stayed the same.