The ace in Google's hand: foreign sales, which surpassed its U.S. sales for the leading time. Revenue from independent the United States was $2.65 billion, or 51 percent of come to revenue.
The grow in cosmopolitan affair helped Google lop off its tax rate to 24 percent from in year's 25 percent to 27 percent. Google also benefited from the incompetent dollar, earning an unexpectedly $202 million. "Google should be effectively considered a wide-ranging company," said David Garrity of Dinosaur Research. Garrity, who had rated Google a secure with a cost aim of $534, said the Mountain View actors could grow back up to its 52-week towering of $747.24 over the next year.
Google's stock, which had slumped 30 percent since the beginning of the year, vaulted as much as 17 percent in after-hours trading to $525.96 after closing at $449.54 on Thursday. Separately, a horse's mouth presuming with the difficulty confirmed that Yahoo is place off limits to sealing a partnership with Google. Last week, the two companies announced Yahoo would examination Google perusal ads to look upon if they were more lucrative than Yahoo's own ads.
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