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Google shares rise 5% late as search giant posts 29% higher profit, beating expectations

SAN FRANCISCO (MarketWatch)
Google Inc. ( GOOG +6.73% in after trading ) on Thursday reported a third-quarter profit of $2.7 billion, or $8.33 a share, compared with a profit of $2.2 billion, or $6.72 a share, for the year-earlier period.
Net revenue excluding traffic acquisition costs was $7.51 billion, up from $5.48 billion.
Adjusted income was $9.72 a share.
Analysts had expected the Mountain View, Calif.-based Internet company to report earnings of $8.74 a share, on revenue of $7.2 billion, according to a consensus survey by Thomson Reuters

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