Google: Blow Out Q1 2005 Results

In after hours Google shares are trading at over $220.

Google's first-quarter net income rose to $369.2 million, or $1.29 a share, from $64.0 million, or 24 cents a share, a year earlier. Profit from the most recent quarter included a $49 million charge for stock-based compensation.

Gross revenue nearly doubled to $1.26 billion from $651.6 million.

The results easily topped Wall Street's average net profit target of 78 cents a share. Analysts had seen profit excluding some items at 92 cents and revenue at $1.16 billion, according to Reuters Estimates. source

Published: April 22, 2005 by Aaron Wall in google

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