Google third quarter earnings topped the analyst views. They shook off the economic doldrums and made a third-quarter profit that topped expectations of the analysts. This supported the internet search leader's theory that is advertising system will prosper even in tough times. Their confidence paid off.
The company, based in Mountain View, California, said Thursday that it made $1.35 billion or $4.24 per share. That's pretty good. Their profit rose 26% from $1.07 billion or $3.38 per share at the same time last year.
Google said it would have made $4.92 per share if it excluded costs for employee stock compensation. That figure surpassed the average estimate of $4.75 per share among the analysts polled by Reuters.
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