Google shocked Wall Street with a strong third quarter showing with earnings of $381.2 million this quarter. That’s almost seven times their net income of $52 million a year ago.
“They are crushing” all expectations, said American Technology Research analyst David Edwards. “They have an incredibly efficient business model.”
Google’s revenue for the quarter totaled $1.58 billion, nearly doubling from $805.9 million last year. After subtracting the commissions that Google paid to other Web sites in its advertising network, the revenue stood at $1.05 billion, exceeding the Wall Street estimate of $944 million.
Yes, AdSense publishers earned at least $530,000,000 from July to September this year. Any 9-figure bloggers out there? 🙂
Via Yahoo! News.