The stock is up about 6.2% in post-market trading shortly after the search giant released its strong results for the quarter that ended in September. Net income at $2.97B was +36.5% vs the period last year on revenues of $14.9B, +11.9%. The revenue number beat expectations for $14.82B. Adjusted earnings at $10.74 a share also topped the consensus forecast for $10.37. Paid clicks for clicks on Google sites or others in its network were up 26% from last year while the average cost per click fell 8%. That contributed to a 22% increase in revenues for the Google-owned sites, to $9.39B. The Motorola Mobile unit recorded an operating loss of $248M, a 29.2% increase from last year. “We are closing in on our goal of a beautiful, simple and intuitive experience regardless of your device,” says CEO Larry Page. By the end of this month the company is expected to release an updated version of its popular Android mobile operating system, as well as a phone — the Nexus 5 — positioned to rival Apple’s iPhone 5S.
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This article was printed from http://www.deadline.com/2013/10/google-q3-earnings/