After a subpar showing during the second quarter, the company returns to topping Wall Street's predicted targets. October 17, 2013 1:35 PM PDT Google's hitting its stride again. The Internet search giant saw its third-quarter profit rise 36.5 percent to $2.97 billion, or $8.90 a share. Excluding one-time items, it posted per-share earnings of $10.74 Related posts Moto X isn't helping Motorola yet as losses widen AOL dethrones Google at top of video-ad rankings Moto X tempts iPhone users with iCloud migration tool Google goes all gooey to sell new Nexus 7 Alleged bank robbers' Google search: 'What happens if you rob bank?' Revenue, meanwhile, rose 12 percent to $14.89 billion. Excluding traffic acquisition costs of $2.97 billion, which are paid out to its partners, its actual revenue was $11.9 billion. Analysts, on average, projected total revenue of $14.79 billion and per-share earnings of $10.65. The company bounced back from a disappointing second quarter, when its earnings fell short of Wall Street expectations. Google shares rose 7 percent to $951.35 in after-hours trading.
After a subpar showing during the second quarter, the company returns to topping Wall Street's predicted targets.
Google's hitting its stride again.
The Internet search giant saw its third-quarter profit rise 36.5 percent to $2.97 billion, or $8.90 a share. Excluding one-time items, it posted per-share earnings of $10.74
Related posts
- Moto X isn't helping Motorola yet as losses widen
- AOL dethrones Google at top of video-ad rankings
- Moto X tempts iPhone users with iCloud migration tool
- Google goes all gooey to sell new Nexus 7
- Alleged bank robbers' Google search: 'What happens if you rob bank?'
Revenue, meanwhile, rose 12 percent to $14.89 billion. Excluding traffic acquisition costs of $2.97 billion, which are paid out to its partners, its actual revenue was $11.9 billion.
Analysts, on average, projected total revenue of $14.79 billion and per-share earnings of $10.65.
The company bounced back from a disappointing second quarter, when its earnings fell short of Wall Street expectations.
Google shares rose 7 percent to $951.35 in after-hours trading.
