Google Releases Q1 Earnings - YAHOOOOO!
Apr 17th, 2008 by MrGroove
Wow… Have I mentioned I love Google Stock? Did anyone listen to me and dump the stock at $666.00 a share in November? Luckily I bought the stock back at $430 because today’s 2008 Q1 Earnings release has caused the stock to JUMP in after hours trading:
WOW! So… the question now is, when do we sell……..
http://news.yahoo.com/s/nm/20080417/bs_nm/google_results_dc
"It’s a good time to be a Google bull," said Colin Gillis, an analyst with Canaccord Adams. "The boys delivered."
On Thursday, the company said first-quarter net income rose to $1.31 billion, or $4.12 per diluted share, from $1 billion, or $3.18 per share, in the year-earlier quarter.
Excluding one-time items and stock option expenses, profit was $4.84 a share, ahead of the average Wall Street forecast of $4.53 per share as compiled by Reuters Estimates.
Gross revenue rose 42 percent to $5.19 billion. By contrast, Google’s revenue grew at a 63 percent rate in the same quarter a year ago.
Revenue had been expected, on average, to grow 40 percent to $5.13 billion, according to Reuters Estimates.
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