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Google Trounces Earnings Report Forecasts
It's time again for Google's shareholders to toss some confetti and raise glasses of not-particularly-cheap champagne. The search giant released its third quarter earnings report this afternoon, and it beat analysts' forecasts by an impressive amount. Google was supposed to report a net revenue figure in the neighborhood of $5.25 billion. Instead, the company was able to report $5.5 billion. Then it scored an even bigger victory in terms of earnings per share, managing to generate $7.64 rather than $6.67.
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