Google’s Q3 Profit Jumps 26% Amid Recession Fears
Google bests third quarter income estimates, topping $1.35 billion at a time when financial analysts are concerned about weakness in the online ad market. Google’s solid financial and paid click results indicate keyword advertising on search engines is alive and well. Industry experts will now look to Yahoo next week to see if display advertising has been impacted by the recession.
- Google’s profit rose 26 percent to $1.35 billion from the year ago period, which could alleviate some concerns over how the current recession would impact online advertising action.
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