Google Quarterly Earnings hit $1 Billion

Wow! Google Inc.'s first quarter profit rose 69 percent. This maintains their goal of blowing past analyst estimates. They earned $1 billion or $3.18 cents per share during the first three months of the year. At the same time last year they had a net income of $592.3 million of $1.95 per share. If it hadn't been for expenses incurred for employee stock compensation, they would have earned $3.l68 per share. That figure topped the average estimate of $3.30 per share analysts of Thomson Financial thought they would make. Good for Google!!