Thomson Financial

Google delivers strong revenue, profits in Q3

Google reported strong increases in profit and revenue in the third quarter, during which the company had good results in both its core and emerging businesses.

Google generated total revenue of US$7.29 billion in the quarter, ended Sept. 30, 2010, up 23 percent year-on-year. Subtracting commissions and fees it pays to ad network and other partners, revenue was $5.48 billion, $23 million above the consensus expectation of analysts polled by Thomson Financial.Net income grew 32 percent to $2.17 billion from $1.64 billion in 2009's third quarter, while earnings per share rose 31 percent to $6.72 from $5.13. On a pro forma basis, which excludes certain items, net income was $2.46 billion, or $7.64 per share, exceeding the analysts' consensus of $6.67 per share and topping the $1.88 billion, or $5.89 per share, in 2009's third quarter."At the highest level, we're very pleased with our Q3 results. It is clear that the digital economy continues to grow rapidly," Google Chief Financial Officer...

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