Google Quarterly Profit Swells 46 Percent - HotHardware
Google Quarterly Profit Swells 46 Percent

Google Quarterly Profit Swells 46 Percent

Much as their search market share has increased, so has the amount of money in Google's coffers.

Third-quarter net income rose to $1.07 billion, or $3.38 per diluted share, compared with the year-earlier quarter's $733.3 million, or $2.36 per diluted share. Excluding one-time items, profit was $3.91 per share in the latest quarter.

Gross revenue rose 57 percent to $4.23 billion.

Google's stock rose to $645.18 in aftermarket trading.  How much higher can this stock go?  Berkshire Hathaway is starting to take notice.

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