Google Inc's quarterly earnings beat Wall Street forecasts as strong advertising sales on its self-branded websites helped the Internet leader defy the gloom pervading the tech sector. The results, which sent Google shares up 2.6 percent in after-hours trading, were a relief for investors who had been stunned by a series of dismal reports from Microsoft Corp, Intel Corp and other tech companies. "We have something to feel good about with this Google news in what has been shaping up to be a gloomy earnings period," said Keith Wirtz, president of Fifth Third Asset Management. Google said fourth-quarter net income fell to $382 million, or $1.21 a share, from $1.21 billion, or $3.79 a share, a year earlier due to impairment charges on its investments in Clearwire Corp and Time Warner Inc unit AOL. Source : News Bulletin Board
Good to hear and it is not so surprising as Google always possible to make it. Internet world is growing and getting better medium of transactions, 24/7.