Google Profit, Sales Top Estimates on Robust Web-Traffic Growth

October 22, 2015 8:07 PM

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Google Profit, Sales Top Estimates on Robust Web-Traffic Growth

Google parent Alphabet Inc. is selling more ads and keeping spending under control, fueling better-than-projected sales and profit in the latest quarter. The shares jumped as much as 8.6 percent.

Revenue, excluding sales passed on to partners, rose 15 percent to $15.1 billion in the third quarter, the company said in a statement Thursday, exceeding analysts’ average estimate for $15 billion, according to estimates compiled by Bloomberg. Profit, excluding some items, was $7.35 a share, beatin...

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