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Thursday, April 17, 2008

Google (GOOG) 1Q:2008 Results

Wow. Stock is up 50 a minute after the number hits. I can't write that fast.

They crushed top line expectations, coming in at ~3.65 bil. The street was $3.61 bil and nervous as hell. Non-GAAP operating income is $1.83 bil with street at $1.81 bil. EPS come in 35 cents better than the street.

Kudos to Blodget.

The stock is $500 here and has room to $560. I'm going to give it some room to breathe and hope they give me a chance to leg in a bit lower. $480 would be ideal.

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