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Google reported 26% profit increase for Q3 2011

Google Inc, whose shares rose on Thursday with 5.33 percent, reported the third-quarter profit of 2.7 billion USD or 8.33 USD per share, compared with 2.2 billion USD or 6.72 USD per share for the third quarter of 2010. The net income reached 7.51 billion USD compared with 5.48 billion dollars for the same period last year. The equivalised income per share was 9.72 USD. The expectations of the analysts were about 8.74 USD per share based on the net revenue of 7.2 billion USD.
"We had a great quarter"m said co-founder and CEO Larry Page at company headquarters in California. Once again, Google reported significantly better results than analysts expected. So it seems that Google is beginning to pay the start of display advertising (graphical ads that are on the sites) and advertising on mobile devices like smartphones. Traditionally, Google earns money with the classifieds in the field of search engine. The advertising programs of Google are definitely the most used on websites all over the world and the company has the largest stake of internet advertising.