Thursday, April 19, 2007

Google qtrly net tops expectations and shares rise

(Reuters) - SAN FRANCISCO, April 19 - Google Inc. reported on Thursday its quarterly net profit rose 69 percent, topping expectations, driven by market share gains in its Web search business, sending its stock up 2.8 percent after-hours.

Net income rose to $1.0 billion, or $3.18 per diluted share, from the year-earlier quarter's $592 million, or $1.95 a share. Excluding stock-option expenses, profit was $3.68 per share versus $2.29 a year before.


Read more at Reuters.com Market News

No comments: