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Google's Stock Soars One Day After Earnings Announcement

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It's likely you've heard about Google's earnings announcement that beat all estimates. Today, shares of GOOG closed up more than $14 (7.33%).

Here are some numbers:
+ Earnings Q4 2004: 204.1 million or 71 cents per share, compared to net income of $27.3 million, or 10 cents per share, at the same time in 2003.
+ Revenue Q4: $1.03 billion, more than doubling from $512.2 million in the prior year.
+ For the Year 2004: Revenues were $3.2 billion, resulting in net income of $399 million, or $2.07 a share.
More numbers in the article listed below. The complete SEC filing is summarized in this news release.

Press Review:
Google Hits Record Revenue Levels (via Clickz)

On AdSense: Co-Founder and President of Technology Sergey Brin would only say, 'We've obviously started in that market very, very recently and I think we're going to see big improvements -- we're working on big improvements -- which will improve the monetization rates there.
In the fourth quarter, the company spent just $76 million on both sales and marketing.

Google's Q4 Profits Soar (via Media Post)

"The fact that they're continuing to do so well emphasized their dominance in the paid search space," said eMarketer Analyst David Hallerman. "That the name has become a verb describes how strong Google has become. That gives them the traffic."


Google sees profits surge (via News.com)

"Google had an exceptional quarter," company CEO Eric Schmidt said in a statement. "Revenues and profits increased significantly, our execution was solid across the company, and, most importantly, our relationship with our users, partners and advertisers became even stronger."


Google Tops Views, But Big Challenges Await Search Giant (via Investors Business Daily)

"Historically, there has been demand for the stock," said Youssef Squali, an analyst for Jefferies & Co. "But you're talking about 100 million shares that could potentially hit the market. The stock could fall. The jury is out."

The company, which gets nearly all of its revenue from ads, continues to cash in on the growth of paid search, or ads strategically placed on search results pages.

Some say Google's service and its founders Sergey Brin and Larry Page have become cultural icons. Add in the success of the stock -- it went out Aug. 19 at $85 a share and trades near 192 -- and Google shows no signs of slowing, says Squali. "These guys continue to benefit from unbelievable free publicity," Squali said.


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