Trade Radar Operator submits: There was widespread discussion in the blogosphere about the rate of growth of paid clicks beginning to fall off at Google (GOOG). This was a major factor driving the stock's price lower.
After the close yesterday, Google reported profits increased 30% and revenue moved up 46% to $3.7 billion. The company reported net income of $1.31 billion, or $4.12 a share, compared with $1 billion, or $3.18 a share, a year earlier. (See transcript.) The EPS figure was well above analyst estimates.
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