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BEIJING, Oct 14, 2011 - (ACN Newswire) - According to the recent report of Foodchinanet.com, Google today released the latest quarterly earnings in the third quarter. Its third-quarter revenue and profit both exceeded analysts' estimates. Boosted by the news, Google's shares closed with 7 percent of increase in after-hours trading, climbing to $ 597.99.
Foodchinanet.com (http://www.foodchinanet.com/product/) also reports that except the income that needs to pay the partner sites, Google's third-quarter revenue is $ 7.51 billion, exceeding the average market forecast of 7.23 billion.
The analyst of Foodchinanet.com points out that Google's third-quarter net profit is 2.73 billion U.S. dollars, an increase of 26% compared with last year's $ 2.17 billion. Although the market generally worried about the prospect of economic development, but the growth in demand for online advertising is still promoting the growth of Google's performance. This year's revenue of the global search advertising market will reach $ 37.7 billion, an increase of 23%. However, the total spending of the online advertising will grow 20%.
Foodchinanet.com analyzes that in the environment of the economic slowdown, the search business is relatively stable. Google has been able to achieve growth is related with its increasing share of the display advertising and mobile advertising.
Contact:
http://www.foodchinanet.com/
Email: my@foodchinanet.com
Topic: Press release summary
Source: Foodchinanet.com
Sectors: Daily Finance, IT Individual, Daily News
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From the Asia Corporate News Network
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