Google Q4 profits nearly triple

Posted on Wednesday, Jan 31 2007 @ 23:20 CET by Thomas De Maesschalck
Google today announced its fourth quarter financial results and they are a lot better than analysts had anticipated. In Q4 2006 the search engine's revenue increased to $3.21 billion, which is 67% more than the same period a year ago.

The search engine's profit nearly tripled from $372 million in Q4 2005 to $1.03 billion. Per share Google's profits increased from $1.22 last year to $3.29. In the third quarter of 2006 the company reported a net profit of $733 million and earnings per share of $2.36.

Analysts expected earnings per share of $2.92. Google's revenue excluding the income from partner websites rose 61% to 2.23 billion, which is in-line with expectations of Wall Street analysts.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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