Technically Speaking

Google’s their profits were higher then expected. Want to see how much more money they made?

Google shares fell more than 3 percent to $484.83 after the company reported total revenue growth that was largely in line with Wall Street expectations, despite some investor hopes of an upside surprise.

Net income for the fourth quarter grew to $1.03 billion, or $3.29 per share, compared with $372.2 million, or $1.22 per share in the year-earlier quarter.

Gross revenue rose 67 percent to $3.21 billion. The figure includes $976 million in traffic acquisition costs (TAC), the financial cut that affiliated Web sites receive for featuring Google advertising.

Technically Speaking, that is a lot of money for a company that started out as just another search engine.

This entry was posted on Wednesday, January 31st, 2007 at 4:03 pm and is filed under Google, Technically Speaking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.