Friday, January 21, 2011

Google blows past estimates....

Google Inc. (GOOG). The company’s co-founder Larry Page will take over as CEO from Eric Schmidt, a surprise move to make the company more nimble at a time when competition heats up with fast-growing rivals like Facebook. The news came as Google reported fourth-quarter earnings and revenue that blew past expectations. Net income, excluding items, of $8.75 a share outstripped Wall Street's average forecast of $8.10. Net revenue, excluding fees paid to partner websites, was $6.37 billion.

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