Google with a successful third quarter
Despite rising costs, Google exceeded earnings expectations. The U.S. company announced a net profit of $2.17 billion for the third quarter on Thursday after the market closed.
Earnings per share excluding special items amounted to 7.64 dollars, while analysts polled by Thomson Reuters had expected 6.69 dollars. At 5.48 billion dollars, turnover was higher than the expected 5.27 billion dollars. Google shares gained around six percent in after-hours trading. Investors have feared that the Internet company is spending too much money on projects such as the Android software for cell phones or takeovers in its search for new growth markets.
