(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.