|
|
Google's Profits Skyrocket
By Andy Beal
Expert Author
Article Date: 2005-04-21
Google continues to demonstrate exactly why their share price should be over $200-a-share and why they are still the king of search.
Analysts had been bold in their predictions of Google's earnings, estimating profits of $246 million, or 92 cents a share. They were very much under-estimating as Google soared past that figure.
According to Reuters, Google had net income of $369.2 million, or $1.29 a share, in the first quarter, compared with $64.0 million, or 24 cents a share, a year earlier.
Total revenue was $1.26 billion, up from $651.6 million last year. Virtually all of the company's revenue comes from ads that are triggered when Web users type certain key words into Google's search engine.
Google once again refused to give guidance for its next quarter, paving the way for them to beat the heck out of analysts predictions once again.
About the Author:
Andy Beal is President & CEO of Fortune Interactive a full-service interactive marketing agency specializing in search marketing and blog marketing. Considered one of the world's most respected interactive and search engine marketing experts, Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.
|
|
