All Things Digital

Skip to main content.

SEARCH
Digital Daily

Digital Daily by John Paczkowski

The Digital Daily FeedFollow John on Twitter

Google: What Economic Crisis?

by John Paczkowski
Posted on October 16, 2008 at 1:35 PM PT

Print Post to Twitter

Investors concerned about Google’s performance in the current economic slump set their Mylanta aside this afternoon after the company reported third-quarter earnings that beat expectations. Excluding one-time items, Google (GOOG) earned $4.92 a share in the third quarter on revenues of $4.04 billion. Analysts had expected earnings of $4.75 a share on revenue of $4.053 billion.

“We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google,” CEO Eric Schmidt said in a statement. “While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term, driving improvements to search and ads, while also investing in future growth areas such as enterprise, mobile, and display.”

Google shares rose some 8 percent in extended trading following the news.

Print Post to Twitter Comments Tagged: Digital Daily, Google, John Paczkowski, mobile, search, , , , , , , , , , , , | permalink
We’ve launched a new commenting tool, Disqus. For the full story on all of its functionality, click here. To begin commenting right away, you can log in below using Facebook Connect or Disqus—you can also log in using an existing AllThingsD account. Learn more about how Disqus collects and uses information in connection with the comments tool.
  • T M
    It looks like GOOG cut cap ex by $246 million quarter to quarter. Which works out to a net bumping of the quarter's EPS by $.77 cents (318 million shares). That would make the non-GAAP EPS $4.15---a huge miss compared to the analysts' estimates of $4.76
  • It sure helps that they choose not to waste money on traditional mass media advertising. How many other company's balance sheets would see an upside if they only said NO to throwing cash down the legacy money pit.
blog comments powered by Disqus

Latest Digital Daily Posts

Digital Daily Archives »

Latest Digital Daily Videos

More Videos »

View All Jobs | Post a Job Job Listings

A sponsored service from SimplyHired

Digital Daily Posts by Date

Digital Daily Posts by Category

Digital Daily Posts by Tag

AAPL acquisition Amazon Android antitrust applications AT&T carrier customers data Dell earnings handset IBM Intel iPhone iPod iTunes Jerry Yang lawsuit Mac market Motorola network online operating system Oracle Palm PC platform Pre price revenue sales share shares smartphone Sprint Steve Ballmer Steve Jobs Verizon Web Windows wireless YouTube

More Digital Daily Tags »

About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

Read more »

alt.misc

Older at alt.misc »