Shares go up on news of figures from Larry Page's first full quarter as chief executive.

This article titled “Google beats expectations as profits jump 36%” was written by Charles Arthur and agencies, for guardian.co.uk on Thursday 14th July 2011 22.25 UTC

Google defied analysts’ forecasts with second-quarter earnings up 36% year-on-year to .5bn (£1.5bn) and revenues up 32% to a record .2bn in co-founder Larry’s Page’s first full quarter as chief executive.

Wall Street, which three months ago marked the company’s shares down over fears that it was losing control of costs, pushed its shares up 10% to 1 in after-hours trading.

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