Google earnings soar 38%
By Blake Ellis, staff reporterApril 15, 2010: 7:23 PM ET
NEW YORK (CNNMoney.com) -- Google posted quarterly sales and profit that trumped Wall Street expectations Thursday, boosted by a rebounding advertising market.
The search giant's net income was $1.96 billion, or $6.06 per share, in the first quarter, up 38% from $1.42 billion from the same period last year.
Excluding one-time charges, the Mountain View, Calif.-based company earned $2.18 billion in the first quarter, or $6.76 per share, up from $1.64 billion a year earlier. That easily beat analysts expectations, which called for earnings of $6.60 per share.
Google's revenue surged 23% to $6.77 billion. Excluding traffic acquisition costs, which are the advertising sales that Google shares with partners, the company reported sales of $5.06 billion, beating the $4.95 billion in revenue expected by analysts.
Sales were lifted by a recovering advertising market. [more]
http://money.cnn.com/2010/04/15/news/companies/google_earnings/index.htm