Google Beats Earnings Expectations Again, Stock Jumps

Google has released their quarterly earnings report for January-March 2007, and the results are excellent. Google reported revenue of $3.66 billion for the three-month period, up 63% from $2.25 billion a year earlier, and $2.53 billion after traffic acquisition costs, beating analyst expectations of $2.49 billion. Net income for the quarter was a solid $1.0 billion, up from $592 million a year before. Earnings per share were $3.18, up from $1.95, and would have been $3.68 before employee stock compensation, smashing the analyst’s best guess of $3.30.
The stock is jumping in after hours trading:

Original post by Nathan Weinberg