Google profit rises as sales double

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
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.

Read the complete story.