Google’s Profit and Revenue Rise, but Analysts Wanted More

Google may be fighting a multifront war against Apple, Microsoft, federal antitrust regulators and the government of China, but its online advertising business continues to hum along nicely. The company topped published forecasts on Thursday, reporting that its net income in the first quarter jumped more than 37 percent from the recession-mired quarter a year ago. Sales grew 23 percent from the period a year earlier. But the stock was down nearly 5 percent in after-hours trading because the results were lower than the “whisper number” of analysts, the unpublished estimate that some analysts give clients. One factor limiting Google’s earnings growth is the expansion of its own operations. It hired 800 employees in the quarter, the largest increase in two years. Google said that in the first quarter, paid clicks on ads on Google sites and other sites that run Google ads grew 15 percent over the year-ago quarter

http://www.nytimes.com/2010/04/16/technology/16google.html?ref=technology

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