THESTAR.COM Google, the world’s largest Internet-search company, reported first-quarter profit that topped analysts’ estimates after demand for its newer services helped fuel growth. Profit before certain costs was $10.08 a share, the Mountain View, Calif.-based company said on its website. Analysts had projected $9.64 on average, according to data compiled by Bloomberg. Excluding revenue passed on to partner sites, sales rose to $8.14 billion, matching estimates.
The company also proposed an effective stock split. Chief Executive Officer Larry Page, who took charge a year ago, has pushed Google deeper into display advertising and mobile services. This year the company will account for 16.5 percent of the U.S. market for display ads, which include banners and videos, according to EMarketer Inc. By next year, Google is projected to grab almost 20 percent, unseating Facebook Inc. as the market leader.
The company also proposed an effective stock split. Chief Executive Officer Larry Page, who took charge a year ago, has pushed Google deeper into display advertising and mobile services. This year the company will account for 16.5 percent of the U.S. market for display ads, which include banners and videos, according to EMarketer Inc. By next year, Google is projected to grab almost 20 percent, unseating Facebook Inc. as the market leader.
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