Google earnings better than expected
Associated Press-Internet giant Google reported better than expected third quarter earnings Thursday of $2.7 billion, or $9.72 US a share.
That was up 26 percent from nearly $2.2 billion, or $6.72 per share, a year earlier.
Wall Street had expected earnings in a range from $8.74 to $8.77.
When accounting for expenses covering employee stock compensation, it earned $8.33 a share.
Google reported their earnings after markets closed. In extended trading its shares rose more than $33 US or six per cent, to almost $593 US.
Net revenue was $7.51 billion, up 37 per cent from a year ago, and better than consensus estimates of $7.21 billion.
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