Google's 1Q profit climbs 30 pct and tops analyst views
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(AP) - Google Inc. says its first-quarter profit climbed 30 percent to surpass analyst predictions.
The performance announced Thursday may alleviate some of the economic worries that have hammered the Internet search leader's stock this year. Google's revenue rose 42 percent compared to a year earlier.
Google earned $1.31 billion, or $4.12 per share, for the first three months of the year. That compared with $1 billion, or $3.18 per share, to begin 2007.
Excluding expenses for stock-based compensation, Google says it made $4.84 per share. That easily exceeded the average estimate among analysts surveyed by Thomson Financial.
Total revenue was $5.19 billion, compared with $3.66 billion last year. After subtracting the commissions paid to the company's advertising partners, Google's revenue stood at $3.7 billion _ about $100 million above analyst estimates.