Google results

Google published its latest quarterly results after the market close on October 20. The immediate after-hours market reaction was to bid GOOG by 30 dollars. And justly so! To fully appreciate Google performance, let's compare it to Ebay and Yahoo numbers for the same period. Of the three, Google has the highest revenue, the highest operating and net income and the highest net margin. As we said it before (in our blog of July 25 2005), Googgle is not a bubble and its relative valuation premium is fully justified.