I love Wall Street.
As Danny reports; Google Reports Revenues Up 19 Percent From Previous Quarter.
Revenues – Google reported revenues of $3.21 billion for the quarter ended December 31, 2006, representing a 67% increase over fourth quarter 2005 revenues of $1.92 billion and a 19% increase over third quarter 2006 revenues of $2.69 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC.
Net Income – GAAP net income for the fourth quarter of 2006 was $1.03 billion as compared to $733 million in the third quarter. Non-GAAP net income was $997 million in the fourth quarter, compared to $812 million in the third quarter. GAAP EPS for the fourth quarter was $3.29 on 313 million diluted shares outstanding, compared to $2.36 for the third quarter, on 311 million diluted shares outstanding. Non-GAAP EPS for the fourth quarter was $3.18, compared to $2.62 in the third quarter.
But stock falls 3% in After Hours trading to $484.83.
Via Yahoo News:
Google shares fell more than 3 percent to $484.83 after the company reported total revenue growth that was largely in line with Wall Street expectations, despite some investor hopes of an upside surprise.
The stock seems to be bobbing up and down right now. Track it at Google.