Google's Profits Decline as It Spends Heavily in Q3

by Carly Page
Google reported third-quarter profits of $2.8 billion (£1.7 billion) last week, down 5 percent from the same period a year earlier and falling short of analyst expectations. While revenues increased by 20 percent year-on-year to $16.52 billion, Google's profits took a battering, which has been credited to increased spending at the company.Read the full article