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April 21, 2005

Google posts 1Q earnings, beats expectations

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Google released their 1Q earnings today and like Yahoo! earlier this week, posting a large increase in profits. Google’s 1Q earnings are nearly six times as much as a year previous. Income from operations rose to $443 million from $155 million, and its operating profit margin rose to 35.2 percent of revenue from 23.8 percent a year earlier.

The market responded with a 6% increase in stock prices in after hours trading to $217.15.

More information can be found in the Reuter’s report

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