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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