Internet search master, Google Inc., has surprised the market once again, as it posted an 8.9% increase in profit to US$1.42B for the first quarter period ended March 31, 2009, beating analyst expectations.
Excluding costs such as stock-based compensation, earnings stood at US$5.16 per share vs. US$4.95 predicted. The stock increased US$3.50 to close at US$392.24 yesterday. The stock has been performing above the Nasdaq Composite, which has increased 0.2% year-to-date compared with GOOG climbing 22.07%.
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