Google Reports 46% Surge in Q3 Profits
 Mountain View, Calif. - Continuing to take advantage of the rapid growth of online advertising, Google on Thursday reported a 46% jump in third quarter profits.
The company said that it recorded net income of $1.07 billion, up from $733.4 million a year ago, as revenue jumped 57% to $4.23 billion.
Earnings per share of $3.91 topped consensus analyst estimates by $0.13, according to a survey by Thomson Financial.
"Our core search advertising business experienced continued momentum driven by growth in monetization and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers," said Google CEO Eric Schmidt.
Related Links:
http://www.google.com/intl/en/press/pressrel/revenues_q307.html
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