Google earnings climb, beat analysts’ expectations

Google beat Wall Street expectations again in its earnings for the first quarter of 2010.
The company made $6.77 billion in revenue this quarter, up 23 percent from the same period last year. Profits were also up at $1.96 billion, compared to $1.42 billion in Q1 2009. Excluding one-time costs, Google earned $6.76 per share, while analysts had predicted $6.60 per share.
Google says this reflects growth across its products. Revenue from Google-owned properties increased 20 percent year-over-year to $4.44 billion. Revenue from other sites with Google ads via the AdSense program was up 24 percent to $2.04 billion. And international revenue was up 52 percent to $3.58 billion.
The company previously reported expectations-busting earnings for end of 2009 thanks to holiday shopping.
Tags: earnings
Companies: Google