Filed under: Earnings reports, Live coverage, Google (GOOG)

Shares in internet search behemoth Google, Inc. (NASDAQ: GOOG) recently rose to their highest level ever, giving the company a market capitalization figure (briefly) of over $200 billion. For a company that does not exist except in the virtual sense, that’s impressive. The company makes no physical products (save for corporate search appliances) and rose to that level in just over three years on the public market. Is this for real?

Well, Google’s recent quarterly earnings have shown that, so far, it is. The company just continues to make money hand over fist in the internet search arena, and has worked many acquisitions into itself to prepare for the day when — gasp — it can’t grow by leaps and bounds on search results-based text advertising prowess alone. The company reported huge Q3 earnings today, with revenues of over $4.23 billion.

Analyst consensus expectations were for a $3.25 EPS figure, and Google smashed that with a $3.38 (GAAP) figure. So, stay tuned below as we’ll hear what Google execs have to say about yet another record-setting quarter. Be sure and use the “Refresh” key to make sure you catch all the minute-by-minute updates below. All times are in EST.

Continue reading Liveblogging Google’s (GOOG) Q3 results

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This entry was posted on Thursday, October 18th, 2007 at 11:28 pm and is filed under Stocks Money News. 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.