(Bloomberg) -- Google Inc. gained in extended trading after the owner of the most popular Internet search engine said first-quarter profit rose 69 percent as the company boosted advertising sales and took market share away from Yahoo! Inc.
Shares of Mountain View, California-based Google added $14.35 to $486 at 5:39 p.m. in New York. The company said net income increased to $3.18 a share from $1.95 a year earlier. Profit excluding costs for stock options was $3.68 a share, exceeding the average estimate of 27 analysts surveyed by Bloomberg. Sales excluding revenue passed on to partners rose to $2.53 billion, exceeding analysts' estimates.
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