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Google profit rises as sales double

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Google profit rises as sales double

Web search leader Google, in its first earnings report as a publicly held company, on Thursday posted quarterly net income and revenue that more than doubled on strong Web search advertising.

The results drove Google shares 8 percent, or more than $12, higher in extended trade after some initial confusion over how to compare the results to analysts’ broadly differing estimates that were created without input from Google – which does not issue financial forecasts.

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