Googles third quarter
Web search leader GOOGLE Inc. Posted a 46 per-cent rise in profit that topped Wall Street expectations, fuelled by accelerating market share gains and tighter cost controls. “They seem to have grown better than anybody expected and seem to have improved margins. The international business seemed to deliver impressive growth rates,†said Jefferies & Co. Analyst Youssef Squali.
Third –quarter net income rose to $1.07 billion, $3.38 per diluted share, compared to the year-earlier quarter’s $733.3 million, or $2.36 per diluted share. Excluding one-time items, profit was $3.91 per share in the latest quarter.
Wall street was looking for a net profit, on average, of $3.22 per share, according to Rueters Estimates. Excluding one-time items and stock compensation costs, the average analyst estimate was $3,77 per share.
Way to go GOOGLE
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