Google have done it again, for its third quarter ended September 30, Mountain View, Calif.-based Google reported  net income of  $1.35 billion or $4.24 a share compared with net income of $1.25 billion or $3.92 a share in the year ago third quarter. Excluding items Google had earnings of $4.92 a share.

Revenue came in at $4.04 billion, excluding traffic acquisition costs of $1.5 billion, marking a 31% increase from a year-ago. Analysts, according to Thomson Reuters had expected Google to post earnings of $4.76 a share and revenue of $4.06 billion.

Recently shares of Google were trading up 4% or $13.85 to $353.02 in after-hours trading action. Heading into Google’s earnings report concerns abounded in part because of the economy and because eBay lowered its outlook for the remainder of the year when it reported quarterly earnings Wednesday.

Via: Fox Business