Thursday, April 20, 2006

Google beats estimates; sees profits, revenue rise

CNET "Google posted first-quarter net income of $592 million, or $1.95 per share, on revenue of $1.5 billion, excluding traffic acquisition costs--or commissions paid to content partners. Including those costs, revenue rose nearly 80 percent from a year ago to $2.25 billion. Excluding traffic acquisition costs and stock-based compensation, analysts had been expecting net income of $1.97 per share and revenue of $1.4 billion, according to Thomson Financial. "

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