Google’s Earnings Smash Estimates. Stock up $76 per Share in Afterhours
Thursday, April 17th, 2008The leader in Internet Search earned $1.31 billion in the 1st quarter of 2008. Earnings were $4.12 per share up from $3.18 per share in the 1st quarter of 2007. 1st quarter revenue was $5.19 billion up from $3.66 billion a year earlier.
Google is the dominate internet search engine. More than 50% of all online searches are done through Google. It’s a great investment due to it’s complete dominance of the AdWords paid/sponsored links. So far Google is showing a resistance to the US recession, but we will see if it can hold up in the latter stages of the recession if online advertising dollars dwendle.
