Google Announces Q1 2008 Results! 42% better and Q1 2007. After-Hours Price Hit $500

Posted by Abbas ||

April 17, 2008 ||

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Google'e Q1 2008 Results "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google. "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." That’s what the opening para read!

Google reported against most of the analyst predictions. It reported a strong 2008 Q1 with 42% Growth over Q1 2007 and 7% stronger than Q4-2007 I bet Analysts didn’t see that coming. The report was released after the markets closed and the premarket rates hit $500 instantly!