Google Profits increase Sevenfold in Q4

0 comments
Thread Title:
Google 4Q Profits Increase Sevenfold
Thread Description:

Plenty of financial reporting on Googles enormous Sevenfold increase in Q4 earnings, i've linked to the Yahoo Finance piece, mostly becuase im easily amused :) Here's a few snippets and links:

AP - Google 4Q Profits Increase Sevenfold

Google Inc.'s Internet-leading search engine fueled a sevenfold increase in fourth-quarter profits to soar past analyst expectations.

The Mountain View-based company said Tuesday that it earned $204.1 million, or 71 cents per share, during the final three months of 2004. That compared to net income of $27.3 million, or 10 cents per share, at the same time in 2003.

The Street - Google Beats by a Dime

For its fourth quarter ended Dec. 31, the Mountain View, Calif., Internet media giant earned $204 million, or 71 cents a share, up from the year-ago $27 million, or 10 cents a share. So-called net revenue, excluding the fees the company pays its search engine advertising partners, jumped to $654 million from $503 million in the third quarter.

MarketWatch - Google tops Q4, stock hits $200

For all of 2005, analysts expect Google to earn $3.42 per share, up 33 percent from 2004, and generate sales of $2.89 billion, a 52 percent rise. Current first-quarter estimates call for Google to earn 80 cents in the first quarter on revenue of $645 million, up 69 percent from the same period a year earlier.

Shares may be volatile as investors keep their eye on the calendar, knowing that another 177 million additional Google shares owned by insiders will be eligible for sale Feb. 14.

Happy Google people no doubt...