Google Doubles Profit
By: Andy Beal
In stark contrast to Yahoo's 78% Q2 drop (compared to 2005), Google announced it more than doubled it's earnings.
Links: Yahoo's 78% Q2 drop, Google announced
The Mountain View, Calif.-based company said it earned $721 million, or $2.33 a share, for the period ended June 30, up from $342.8 million, or $1.19 cents, a year earlier.
Sales surged 77% to $2.46 billion as the company placed more ads alongside its search results.
So, Google earned $721 million, or $2.33 a share and Yahoo earned $164.3 million, or 11 cents per share.
I predict an increase in Google's PPS and a further reduction in Yahoo's - I know, I know, I'm a genius! ;-)
Tags: Google, Yahoo, earnings
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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].
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