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Summary The results included Google's $12.5 billion acquisition of cellphone maker Motorola.
Google earnings hit analysts target as refinements to the companys Internet search technology lured more Web surfers to click on its revenue-producing ads.The performance announced Thursday seemed to ease investor concerns that have caused Googles stock to fall so far this year while the major market indexes have posted gains.Google shares added $19.44, or more than 3 percent, to reach $612.50 in extended trading after the report came out.The results included Googles $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings Inc. for the first time. Google Inc. owned Motorola for the final 39 days of the quarter ending in June.Excluding Motorola, Googles revenue during the quarter would have grown at the slowest pace since 2009. That slowdown stemmed primarily from the economic turmoil in Europe that has weakened currencies overseas, resulting in less revenue when sales are converted into U.S. dollars.The uncertainty caused by heavy government debt burdens in Europe also contributed to somewhat difficult conditions, Google Chief Financial Officer Patrick Pichette told analysts during a Thursday conference call.
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