Google blows past estimates, reports healthy earnings

By on April 17, 2008, 7:37 PM
When Google went public a few years ago, it became apparent that eventually the company would suffer from rumors and so-called analyst estimates which could have an impact on its stock.

But as it has happened so far, the Mountain View-based company has kept coming back with pretty good expectations and well above average earnings that have kept everybody happy. For the past few weeks, rumors of declining click-through rates for paid listings led to some tumbling until today that Google disclosed first quarter results topping Wall Street estimates.

The search engine giant reported 1Q revenues of $5.19 billion, a 42% year over year increase, and a 7% increase over fourth quarter 2007 revenues. Net income was estimated at $1.31 billion compared to $1.21 billion in the fourth quarter of 2007. Concerns regarding click-through rates were also diminished after the official report indicated that clicks for the quarter actually increased ~20% year over year, despite of new measures Google has taken lately to decrease the amount of fraudulent clicks and unintentional clicks made on its text-based ads.




Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.