Google's 3Q earnings rise 36 percent, stock surges - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Google's 3Q earnings rise 36 percent, stock surges

SAN FRANCISCO (AP) - Google's earnings climbed 36 percent despite a deepening slump in its average ad prices as more people connect to its search engine and other services on mobile devices.

The results released Thursday exceeded the analyst projections that steer investors. Google's stock surged 6 percent to $943.90 after the numbers came out.

Google Inc. earned nearly $3 billion, or $8.75 per share, during the three months ending in September. That compared to income of $2.2 billion, or $6.53 per share, at the same time last year.

The Mountain View, Calif. company's average ad price has declined from the prior year in each of the last eight quarters primarily because advertisers aren't yet paying as much for mobile ads.

Revenue rose 12 percent from last year to $14.9 billion.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsNewsMore>>

  • Trump says female senator 'would do anything' for money

    Trump says female senator 'would do anything' for money

    Monday, December 11 2017 10:43 AM EST2017-12-11 15:43:27 GMT
    Tuesday, December 12 2017 10:17 PM EST2017-12-13 03:17:36 GMT

    Three women who have previously accused President Donald Trump of sexual harassment are sharing their stories on NBC's "Megyn Kelly Today." Jessica Leeds, Samantha Holvey and Rachel Crooks told of alleged...

    Three women who have previously accused President Donald Trump of sexual harassment are sharing their stories on NBC's "Megyn Kelly Today." Jessica Leeds, Samantha Holvey and Rachel Crooks told of alleged harassment by Trump spanning decades.

  • Polls close across Alabama as bitter Senate campaign ends

    Polls close across Alabama as bitter Senate campaign ends

    Tuesday, December 12 2017 4:07 AM EST2017-12-12 09:07:39 GMT
    Tuesday, December 12 2017 10:17 PM EST2017-12-13 03:17:18 GMT

    An internationally watched Senate election is down to voters in Alabama who will choose between Republican Roy Moore and Democrat Doug Jones.

    An internationally watched Senate election is down to voters in Alabama who will choose between Republican Roy Moore and Democrat Doug Jones.

  • Tax package would lower top tax rate for wealthy Americans

    Tax package would lower top tax rate for wealthy Americans

    Tuesday, December 12 2017 3:44 AM EST2017-12-12 08:44:43 GMT
    Tuesday, December 12 2017 10:16 PM EST2017-12-13 03:16:46 GMT

    Public polling shows many Americans are unhappy with the proposal. The separate bills recently passed by the House and Senate combine steep tax cuts for corporations with more modest reductions for most individuals.

    Public polling shows many Americans are unhappy with the proposal. The separate bills recently passed by the House and Senate combine steep tax cuts for corporations with more modest reductions for most individuals.

Powered by Frankly