(Reuters) – Google Inc’s (GOOG.O) core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company’s online advertising.
Shares of the world’s No.1 search engine were up about 3 percent in after hours trade.
Google, which reported its first set of quarterly results since its May acquisition of Motorola Mobility for $12.5 billion, offered few details about its plans to expand into the hardware business, focusing instead on what it described as healthy trends in its traditional online advertising business.
Full Story: Google Internet business defies econ worries, ad clicks surge