Google's third quarter results miss analysts' forecasts

Technology giant Google saw third quarter net income fall 5.4% to $2.81bn or $4.09 a share, from $2.97bn in the year earlier period.

Excluding some items its earnings per share came in at $6.35, well below the $6.53 expected by analysts.

Revenues excluding sales passed on to partners came in at $13.2bn, just as expected.

For some observers, the company is finding it hard to maintain its profitability as it moves into emerging markets and the mobile space.

As of 21:27 the stock was down 2.9% at $509.3.