Google third-quarter earnings better than analyst forecasts

Google Inc. has posted their third-quarter earnings on Thursday, and they are better than analyst forecast. Many had predicted that profits would be lower, as the health of the online advertising market has not looked that good.

Google has said that their net income for the period up to the end of September rose to $1.35 billion, that’s $4.24 per share. The same period last year was $1.25 billion, or $3.92 per share.

According to one analyst, Jeffrey Lindsay from Sanford Bernstein, he said that Google performance was impressive, considering the state of the economy. Lindsay did add that Google had done a great job by cutting costs, in the down market.

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