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MENAFN - Qatar News Agency - 23/01/2013

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(MENAFN - Qatar News Agency) Google shares jumped almost 5% in after-hours trading Tuesday after the Internet search giant said its fourth-quarter earnings rose 7% as advertisers increased spending during the holiday shopping season.

The results were slightly above analysts' expectations. Google earned nearly 2.9 billion, or 8.62 a share, in the last three months of 2012, compared with net income of 2.7 billion or 8.22 a share, in the year-ago quarter.

The latest period included results from Motorola Mobility, which Google didn't own in the year-earlier period.

Analysts polled by Thomson Reuters had projected Google to report fourth-quarter earnings of 10.47.

In after- hours trading, Google's shares climbed 33.77, or 4.8%, to 736.64. That was after falling 1.64 to 702.87 in the stock market's regular session.

 






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