Google Sales Blow Past Expectations

Google posted double-digit jumps in sales and net income, as the company continued to benefit from a strong market for search ads.

Sales increased 20 percent to $5.48 billion, from $4.38 billion a year ago, while earnings per share increased to $7.64 from $5.89 during the same quarter in 2009.

On average, analysts had expected net revenue of $5.25 billion and earnings per share of $6.67, so Google easily beat expectations.

Indeed, Google’s earnings per share and sales figures were greater than even the most bullish analysts had expected.

Google Sales Up 20 Percent