Google (GOOG) Stock Surges Overnight After Awesome Q1 Announcement

Apr 18, 2008 - 7:11 am 0 by
Filed Under Misc Google

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.

GOOG Up 17%

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.

Forum discussion at WebmasterWorld,Search Engine Watch Forums and DigitalPoint Forums.

 

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