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Wednesday, November 10, 2010

Google shares soar on an impressive earnings

Google has posted its latest earnings report, and to indicate early because they spend more than impressed with the company's shares trade up to more than $ 40 per after-hours (7.5%).

The company posted earnings of 7.29 billion in the third quarter, representing a growth of 23% from the same period last year, a jump 7% sequentially.

Mention of when in the statement, CEO Eric Schmidt created a power company recently expanded into areas — such as a mobile (AdMob) and view (DoubleClick) for some growth. "Our core business is growing, and our new — especially the view and the mobile phone — continued to show significant momentum, "he said.

Report earnings after the numbers released yesterday by the IAB online advertising market, which just completed its strong first half and quarter holding his record.

GoogleGoogle Google now has more than 33 billion in cash on — 11 billion more than it had when you dispose of its last year even though its an accelerated pace of acquisitions, new hiring renewed certificate.

With the company moving into areas as diverse as the strength of spirit, prophecy, don't expect investments to slow down. Schmidt added that the company, "[left] committed to aggressive investment in our people and our products as we pursue the innovation agenda."

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