Google's first-quarter profits six times higher than last year

Posted on Thursday, Apr 21 2005 @ 23:38 CEST by Thomas De Maesschalck
Google keeps surprising us by reporting first-quarter profits nearly six times as high as the same period last year. The company's net income rose to $369.2 million ($1.29 per share) compared to $64 million (24 cents per share) in 2004.

Google's total revenue increased from $651.6 million to $1.26 billion, which is a lot higher than Wall Street's prediction of $1.16 billion and earnings of 78 cents per share.

Google's shares jumped 6 percent in after-hours trading to more than $216.

More details about Google's Q1 2005 revenue at CNN


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.



Loading Comments