Google (GOOG) this afternoon reported that it generated EPS of $6.76 in the first quarter.� Analysts were expecting $6.60. Revenue, excluding traffic acquisition costs, was $5.06 billion, up 24% from a year ago and better than consensus estimates of $4.95 billion.
Paid clicks rose 15% from the year ago quarter and 5% over the fourth quarter.
In after hour trading, shares are down 2.9%.
Update from today’s conference call:
CFO Patrick Pichette is leading today’s call. No Eric Schmidt on the company’s new earnings call format.
Pichette begins with some high level thoughts. He says it’s clear that in 2010, the digital economy continues to grow rapidly. The company has already stepped up hiring and Google expects to “continue hiring aggressively throughout the year.”
The headcount grew by 800 versus the fourth quarter, for a total of 20,600 full time employees.
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