Can Google disappoint? I am personally don't get it, but I did help cover the announcement last night at Search Engine Land with Google Beats Forecasts With 30% Increase In Profit. The news is still dominating Techmeme, here is the overview:
Google's reported revenues of $5.19 billion for the quarter ended March 31, 2008 and a net income of $1.31 billion. Previous quarter revenues was $4.83 billion in Q4 and $3.66 billion in Q1 2007. Previous quarter income was 1.21 billion in Q4 2007. Google's shares are currently up over 12% in after market conditions, now at $506.87.
In short, they totally beat expectations and now their stock has climbed $77, 17% plus, overnight in after-market conditions.
The forums are buzzing about the news. Many are saying things like, "wow" and Google is making too much profit on their dime, and so on.