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Revenue Rises at Google but Profit Misses Forecasts

Brace for more 'search quality improvements' webmasters :)

8:55 pm on Apr 14, 2011 (gmt 0)

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joined:Dec 29, 2003
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Google reported that net income in the quarter rose 17 percent to $2.3 billion, or $7.04 cents a share, from $1.96 billion, or $6.06 a share in the year-ago quarter.

The company said revenue climbed to $8.58 billion from $6.77 billion.

Google’s adjusted income of $8.08 was just below the expectations of Wall Street analysts. They had forecast $8.11 cents a share on that basis, according to a survey of analysts by Thomson Reuters.


Not exactly pandalized but $30 a share down does bite: 548.70‎ -29.81‎ (-5.15%‎) After Hours

U.S. paid clicks, a measure of how frequently consumers click on its ads, were up 18% compared with a year earlier and 4% from the previous quarter. The 4% sequential climb is slower than the 11% sequential gain in the fourth quarter.

The average cost that advertisers paid Google per click were up 8% from a year earlier and 1% from the previous quarter