Google reported net income of $2.97 billion for the third quarter, a 36% increase from the year before, and said revenue rose 12% to $14.89 billion. The company's pricing for advertising on its search results continues to decline, especially for mobile ads. "As long as we continue to see that higher-than-expected volume coupled with the lower pricing, I'm OK with it," said Josh Olson of Edward Jones. "It just signals they have good demand for that mobile business."

Related Summaries