Google earnings surge on ad sales
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No wonder Google stock was up to around $150 this past week. Sales are up and they came out with the new desktop search option… Things are looking good for all you google share owners.
“The world’s most popular internet search engine, Google, has seen profits and sales more than double in the third quarter on strong advertising demand. In its first earnings report since floating on the stock market, the firm said net profit was $52m (28.4m) in the three months ending 30 September. That topped Wall Street estimates and drove Google shares 8% higher in extended electronic trading. Sales surged to $805.9m in the quarter, up from $393.9 million a year earlier.”
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