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Title: Google's Q4 earnings beats expectations Post by: Alex on January 23, 2009, 08:45:07 AM Google's Q4 earnings beats expectations
Google's fourth quarter earnings rose up to 34% for the quarter ended December 31, 2008. The company reported a net income of $382 million, a big decline from the $1.21 billion the year earlier. Still, excluding one-time charges the earnings per share were $5.10, which is 15 cents above the $4.95 expected by financial analysts. The results sent Google shares up 2.6% in after-hours trading. Total revenue reported was $5.7 billion, an 18% increase from the fourth quarter of 2007. Excluding the traffic acquisition costs, Google had $4.22 billion in revenue, (up by 24%) ahead of analysts' projections of $4.12 billion and the year-earlier $3.39 billion. Gross revenue is up by 4%. Read full story... http://feedproxy.google.com/~r/neowin-main/~3/6gaUyu6R6YM/googles-q4-earnings-beats-expectations |