Google Ex-TAC Top Line Rises 8.4%, "Worst of the Recession is Behind Us" (GOOG)

10/15/2009-Google (NASDAQ:GOOG) reported Q3 EPS of $5.89, topping consensus estimates of $5.42. Revenues, ex-TAC, in the quarter rose 8.4% year-over-year to $4.38 billion, and came in ahead of consensus estimates of $4.24 billion. As of September 30th, Google employed 19,665 FT employees. Aggregate paid clicks increased approximately 14% over the third quarter of 2008 and increased approximately 4% over the second quarter of 2009.

"Google had a strong quarter -- we saw 7% year-over-year revenue growth despite the tough economic conditions," said Eric Schmidt, CEO of Google. "While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future."

Write to Chip Brian at cbrian@tradethetrend.com

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