Google Inc. (GOOG) reported that its first-quarter GAAP net income was $2.89 billion or $8.75 per share, up from $1.80 billion or $5.51 per share in the first quarter of 2011.
Non-GAAP net income in the first quarter of 2012 was $3.33 billion, compared to $2.64 billion in the first quarter of 2011. Non-GAAP earnings per share was $10.08, compared to $8.08 in the first quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $9.65 per share for the quarter. Analysts' estimates typically exclude special items.
Google reported revenues of $10.65 billion in the first quarter of 2012, representing a 24% increase over first quarter 2011 revenues of $8.58 billion. Thirty two analysts had consensus revenue estimate of $8.15 billion for the quarter.
Traffic acquisition costs, the portion of revenues shared with Google's partners, increased to $2.51 billion in the first quarter of 2012, compared to TAC of $2.04 billion in the first quarter of 2011.
Google announced that its Board of Directors unanimously approved a stock dividend proposal designed to preserve the corporate structure that has allowed Google to remain focused on the long term. The company said that the proposal would effectively implement 2-for-1 stock split while preserving long-term governance structure.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.