Updated at 3:22 p.m. PDT with further details.
Google easily cleared analysts' profit expectations for the third quarter of the year, patting itself on the back for the results but offering a cautious qualifier about current economic conditions.
The company reported net income of $4.92 per share, excluding various items such as stock-based compensation, compared to expectations of $4.75 from analysts surveyed by Thomson Reuters. Revenue was $4.04 billion, excluding commissions called traffic acquisition costs that are paid to advertising partners, compared to an expected $4.053 billion.
"We had a good third quarter … Read more