SAN FRANCISCO — Google’s third-quarter earnings slipped 5 percent on higher expenses and as the Internet search leader absorbed a charge covering a mobile patent.
The results announced Thursday fell below analyst estimates, triggering a nearly 3 percent decline in Google’s stock price in extended trading.
Google Inc. earned $2.81 billion, or $4.09 per share, for the three months ending in September. That compared to income of $2.97 billion, or $4.38 per share, at the same time last year.
The earnings for the latest quarter were dragged down by a $378 million charge tied to patent royalties that Google acquired when it bought Motorola Mobility in 2012. Google is now in the process of selling Motorola to Lenovo Group in a deal expected to close by the end of this year.