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Google’s fourth-quarter revenue rose 67 percent on continued strength in its cash-cow paid search business, beating analyst estimates.

Net earnings for the quarter ended December 31 were $1.03 billion, or $3.29 a share, including one-time items such as stock-based compensation, compared with $372 million, or $1.22 a share, in the same quarter a year earlier. Excluding those items, earnings were $997 million, or $3.18 a share.

Total revenue for the third quarter rose 67 percent to $3.2 billion, compared with $1.92 billion a year ago. Excluding traffic acquisition costs, or commission paid to content partners, revenue was $2.23 billion, slightly higher than estimates. Analysts polled by Thomson Financial were expecting Google to post earnings per share of $2.92 excluding items, and revenue of $2.19 billion, excluding traffic acquisition costs.

Posted by Elinor Mills

This entry was posted on Sunday, February 11th, 2007 at 7:47 pm and is filed under TechAddress, google, google.com, finance, stocks, goog, estimates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.