Google Q3 Net Profit Falls

(RTTNews) - Google Inc. (GOOG, GOOGL) reported net income for the third quarter of $2.81 billion or $4.09 per share, compared to $2.97 billion or $4.38 per share for the year-ago quarter.

Income from continuing operations for the third quaretr was $3.00 billion or $4.36 per share, compared to $3.16 billion or $4.66 per share in the third quarter of last year.

Excluding items, adjusted net income for the third quarter was $4.37 billion or $6.35 per share, compared to $3.82 billion or $5.63 per share in the prior year quarter.

Revenues for the third quarter rose 20% to $16.52 billion from $13.75 billion a year ago.

Traffic acquisition costs, the portion of revenues shared with Google's partners, increased to $3.35 billion in the third quarter of 2014, compared to $2.97 billion in the third quarter of 2013.

Analysts polled by Thomson Reuters expected the company to earn $6.53 per share on revenue of $16.57 billion for the third quarter. Analysts' estimates typically exclude special items.