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Shares of Google Reach All-Time High After Company Reports Q1 Earnings

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In case you haven't heard, Google's Q1 earnings were released yesterday and like Yahoo, they were even better than what analysts were expecting. As I post this item shares of GOOG are at an all-time high, up almost $15 at $219.20.

Here's a quick review of Google's Q1 earnings.

Facts and Figures
+ Google earned $369.2 million, or $1.29 per share in Q1 2005 vs. $64 million, or 24 cents per share in Q1 2004.

+ Revenue totaled $1.26 billion vs. $651.6 million in Q1 2004.

+ After subtracting commissions that Google paid to other Web sites in its advertising network, the company's first-quarter revenue was $794.5 million.

From the WSJ (reg req.):
"The results far exceeded the estimates of Wall Street analysts, who had projected earnings of 92 cents a share, excluding certain stock-based compensation, according to Thomson First Call. Revenue excluding commissions Google pays to marketing partners totaled $794 million, compared with analysts' estimate of $731 million."

+ "Google's staff rose 15% to 3,482 employees as of March 31 from 3,021 at the end of 2004."

From the AP:
"Google is an amazing place," company CEO Eric Schmidt said during a Thursday interview. "I see no sign of things slowing down."

+ "Google also is making more money internationally. The company generated 39 percent of its revenue overseas in the first quarter, up from 35 percent in the previous quarter."

The full text of Google's news release with all of the numbers is here. A replay of yesterday's news conference will remain online for the next few days.


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