Huffpost Business

Google 3Q Profit Soars 46 Percent

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Google Inc.'s third-quarter profit soared 46 percent, hurdling the enormous expectations that have elevated the Internet search leader's stock price by more $100 during the past month.

The Mountain View-based company said Thursday that it earned $1.07 billion, or $3.38 per share, for the three months ended in September, up from net income of $733.4 million, $2.36 per share, at the same time last year.

If not for the cost of awarding stock to its steadily expanding work force, Google said it would have earned $3.91 per share. That topped the average estimate of $3.78 per share among analysts surveyed by Thomson Financial.