Google shares rise after online ad sales drive revenue higher

April 24, 2015 admin after-closing, computer-screen, currency-rates, file, financial, forecasts, from-the-strong, internet, man-typing, quarterly, services-helped, street, toronto

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses.

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Google shares rise after online ad sales drive revenue higher