The Internet-search engine leader’s third-quarter earnings climbed 32 percent to beat Wall Street’s expectations as companies spent more to advertise to Web surfers.
Google clocked an impressive performance despite adding 1,500 workers in the quarter for a total of 3,500 new employees so far this year.
Google also spent more than four times as much on data centers and other equipment as it did a year ago.
For July through September, Google’s net income rose to $2.2 billion, or $6.72 per share, from $1.6 billion, or $5.13 per share, a year earlier. Revenue rose 23 percent to $7.3 billion.
AMD
The microprocessor maker narrowed its third-quarter loss slightly, as its remaining stake in factories it spun off last year dragged down the results.
Ignoring the baggage from the spinoff, AMD said Thursday it would have earned more than Wall Street expected, a sign the company is getting better at squeezing profit out of the remaining business.
AMD said it lost $118 million, or 17 cents per share, compared with $128 million, or 18 cents per share, a year ago. Revenue rose 16 percent to $1.62 billion.
Safeway
The national grocery-chain operator’s third-quarter net income fell 4.7 percent on severance charges and weaker sales. It said it expects full- year results to be at the lower end of its guidance.
The company said Thursday it earned $122.8 million, or 33 cents per share, in the three months ending Sept. 11, down from $128.8 million, or 31 cents per share, last year. Revenue fell less than 1 percent to $9.4 billion.
