The slim margin doesn’t match the hype coming into the report. WebProNews writer David Utter mentioned earlier this week that some Wall Street figures projected Google would beat estimates by as much as 50 cents per share.

Google-owned sites generated $2.73 billion, or 65 percent of total revenues, a 68 percent increase over third quarter last year. Google network revenues, generated through AdSense amounted to $1.45 billion, or 34 percent of total revenues, a 40 percent increase over this time last year.

Google’s total cash is $13.1 billion.

"We are very pleased with the impressive growth we experienced across our business," said Google CEO Eric Schmidt, in a statement. "Our core search advertising business experienced continued momentum driven by growth in monetization and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers.

"Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world."

Though EPS were largely as expected, analysts expect Google shares to soar above $700 if and when Google announces its entry into the mobile phone market.

Regardless, eBay still beat analyst expectations by pulling in $1.89 billion in revenue for the third quarter. Analysts had expected $1.83 billion.

"During the quarter we made significant progress against our business unit strategies which resulted in record net revenues of $1.89 billion, a 30% year-over-year increase," said eBay President and CEO, Meg Whitman.

"eBay International, PayPal Merchant Services, StubHub, classifieds and our advertising businesses all performed above our expectations."

Even so, nervousness about increased spending and discounts drove shares down. Currently, eBay is trading at $38.06, down 6.26 percent.