Google Tops Estimates as CEO Page Expands Beyond Search Ads
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Google Inc., owner of the world’s largest Internet-search engine, reported sales and profit that topped analysts’ estimates, a sign the company is benefiting from efforts to expand in mobile and display advertising.
Second-quarter sales, excluding revenue passed on to partner sites, rose to $6.92 billion, Mountain View, California-based Google said on its website. That topped $6.57 billion, the average estimate of analysts surveyed by Bloomberg. Net income gained 36 percent to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71, a year earlier. Shares leapt in late trading.