logo
Share SHARE
FONT-SIZE Plus   Neg

Google Q1 Profit Rises - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'... HP Inc. (HPQ) on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter... LoopUp Group, a UK-based startup that provides software technology for conference calls and remote meetings, on Wednesday became the first technology company to float shares on the London Stock Exchange since Britain's decision to leave the European Union. LoopUP raised £8.5 million by selling shares...
comments powered by Disqus
Follow RTT