Google’s Profits, Powered By Strong Search Advertising, Doubled in Q2
July 21st, 2006 by Angsuman ChakrabortyGoogle’s profits more than doubled in the second quarter, as the company continued to increase its share of the lucrative search advertising market.
The company, which announced results yesterday, exceeded analysts’ expectations for both sales and profit. That is in contrast to Yahoo, which disappointed Wall Street Tuesday with lower-than-expected revenue from search-related advertising. Yahoo met profit expectations because it postponed some hiring and advertising spending.
In after-hours trading, shares of Google rose nearly 1 percent, to $390.55.
via NYT
Cassandra’s predicting collapse of Google’s search advertising business (AdWords & AdSense) due to click fraud will have to wait longer, much longer.
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