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Tuesday, February 9, 
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Google soars on ad sales, DoubleClick pending

Posted on October 19, 2007 at 10:25 AM
Filed under: Acquisitions | Corporate Strategy
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After an earnings miss last quarter, Google Inc. just reported revenues of $4.23 billion for the third quarter, an increase of 57% compared to 3Q 2006. What's more, Google's partner sites generated revenues, through AdSense programs, of $1.45 billion, or 34% of total revenue. Later this month investors will be watching the European Commission's decision to either clear Google's $3.1 billion DoubleClick Inc. deal or begin a formal investigation. They'll also be watching to see who will become the company's new CFO, since George Reyes is headed to retirement by year's end.

Google's share price has surged: Shares hit $651.79, up 2% in pre-market trading on the Nasdaq, a new high. — Baz Hiralal

See the 3Q results here

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