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Google saw 32 percent growth in net income

Posted on Friday, October 15 2010 @ 15:26:59 CEST by

Google beat estimates as the company's third quarter net income rose 32 percent to $2.27 billion, or $6.72 per share, on revenue of $5.48 billion (excluding sales passed to partner revenue). Excluding special items, profit was $7.64 a share, compared to analyst's expectations of $6.68 on revenue of $5.26 billion.
Google Inc. rose the most in almost two years in German trading after reporting quarterly sales and profit that exceeded analysts’ estimates, evidence the leader in Web search is benefitting from display and mobile advertising.

Net income rose 32 percent to $2.17 billion, or $6.72 a share, in the three months through Sept. 30, from $1.64 billion, or $5.13, a year earlier, Google said on its website. Sales, excluding revenue passed on to partner sites, were $5.48 billion, exceeding the $5.26 billion average of estimates compiled by Bloomberg.
Source: Bloomberg



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