Google posted stronger-than-expected first-quarter profit despite a broad-based slump in advertising spending, sending its shares up 5 percent in extended trading.
The No. 1 U.S. Internet search company's revenue was US$5.51 billion, up 6 percent from year-ago quarter, and was roughly in line with analysts' average expectation of $5.53 billion.
But revenue fell 3 percent from the 2008 fourth quarter.
Google reported a net profit in the first quarter ended March 31 of $1.42 billion, or $4.49 cents a share, up from $1.31 billion, or $4.12 a share, a year earlier.
Excluding special items, Google earned $5.16 a share, ahead of Wall Street's estimate of $4.93 cents, according to Reuters Estimates.
Google said that paid clicks, by surfers on its text-based search ads, increased 17 percent year-over-year in the first quarter, and rose 3 percent from the last quarter.
Users browsing this forum: No registered users and 1 guest