Google Inc. announces that its first quarter profits increased 37 percent. Google Inc trades on the “New York Stock Exchange” under the Stock Symbol “GOOG”. For More Information regarding “GOOG” as well as the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Google Inc. (NASDAQ:GOOG) announces that its first quarter profits increased 37 percent as more people clicked on higher-priced Internet ads powered by the company's search engine.
The company earned nearly $2 billion, or $6.06 per share in the quarter. Revenue climbed 23 percent to $6.78 billion. That marked Google's greatest revenue growth since the third quarter of 2008. Shares fell $17.95, 3 percent, to $577.35 in after-hours trading. Before the earnings release they closed at $595.30, up 1.1 percent on the day. Google said that if it weren’t for expenses covering employee stock compensation, it would have earned $6.76 per share.
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