Google's Third Quarter Profit Up 32 Percent

Summary


SEATTLE - Google Inc.'s third-quarter earnings demonstrated that the Internet search leader is capable of surpassing investors' short- term expectations while still investing heavily in long-range projects.

Google reported a 32 percent jump in net income Thursday and provided the most persuasive evidence yet that its past investments are paying off, helping it diversify away from search advertising.

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Google's Third Quarter Profit Up 32 Percent

Wall Street was encouraged, and sent Google's shares soaring 9 percent to $590.01 in exte...

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