Google Profits up 69%

20 Apr

Google bucks (excuse the pun) of less than stellar reports from IBM and Yahoo, and reports profits are up 69%.Excluding options costs, Google reported net income of $3.68 a share, which exceeded the $3.30 analysts were expecting, according to a poll from Thomson Financial. Sales rose 62% to $3.66 billion. Excluding payments Google makes to its advertising partners, net sales rose 66% to $2.53 billion, slightly beating analyst expectations of $2.49 billion.

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