Google Breaks Another Quarterly Estimate

  • October 21, 2005
In what is becoming a quarterly ritual, Google Thursday announced yet another record earnings period, posting revenues of $1.578 billion--up 96 percent over the third quarter of last year. The earnings were far rosier than the company had led investors to expect last quarter, when Google brass cautioned that the summer typically is the weakest time of year for advertising. The search giant's net income rose to $381.2 million, $1.32 per diluted share, which is up from $52 million--19 cents per share--during the same period last year. Analysts had predicted earnings of $1.22 per share. -- Shankar Gupta
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