Google Beats Earning Estimates, Slightly

4:27 pm EST January 21st, 2010 | News | Comments Off

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Google Inc.’s fourth-quarter earnings soared as the Internet giant posted strong growth in advertising clicks and avoided big charges that weighed down prior-year results.

‘Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year,’ Chief Executive Eric Schmidt said.

Even though results topped analysts’ expectations, shares fell 4.8% to $550.94 in after-hours trading. The stock has nearly doubled over the past year.

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