Revenue Rises at Google but Profit Misses Forecasts

Google got off to a mixed start under its new chief executive, co-founder Larry Page, as first-quarter revenue increased 27 percent while profit fell short of analyst expectations. Google reported that net income in the quarter rose 17 percent to $2.3 billion, or $7.04 cents a share, from $1.96 billion, or $6.06 a share in the year-ago quarter. The company said revenue climbed to $8.58 billion from $6.77 billion. Google’s adjusted income of $8.08 was just below the expectations of Wall Street analysts. They had forecast $8.11 cents a share on that basis, according to a survey of analysts by Thomson Reuters.”


  1. 2011-04-15 9:57 am
    • 2011-04-15 3:03 pm