Google surprises investors, posts strong quarterly numbers

10/18/2013 | Reuters · Bloomberg

Google's share price rose 8% on Thursday after the search giant posted better-than-expected quarterly results. Ad clicks jumped 26% on strong mobile traffic, helping to offset an 8% decline in the price customers were willing to pay for ads. "As long as we continue to see that higher-than-expected volume coupled with the lower pricing, I’m OK with it," said analyst Josh Olson. “It just signals they have good demand for that mobile business.”

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