Google Jumps Most Since 2008 as Sales Top Estimates
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Google Inc. rose the most in two years in Nasdaq trading after reporting third-quarter sales and profit that topped analysts’ estimates, evidence the leader in Web search is benefiting from display and mobile advertising.
Net income rose 32 percent to $2.17 billion, or $6.72 a share, from $1.64 billion, or $5.13, a year earlier, Google said on its website. Revenue, excluding sales passed on to partner sites, was $5.48 billion, exceeding the $5.26 billion average of estimates compiled by Bloomberg.