Google reported quarterly earnings that beat
Wall Street's expectations on Thursday, while revenue was in-line with expectations. Shares see-sawed in extended-hours trading.
The company
[GOOG 651.01 
15.05 (+2.37%) 
] posted first-quarter earnings excluding items of $10.08 per share, up from $8.08 a share in the year-earlier period. Revenue was $8.14 billion, a 24-percent increase from $6.54 billion a year ago.
Analysts had expected the company to report earnings excluding items of $9.65 a share on $8.15 billion in revenue, according to a consensus estimate from Thomson Reuters.
The company also announced plans to create a new class of non-voting capital stock, which will be listed on the Nasdaq Stock Market. The shares will be distributed via a stock dividend to all existing stockholders, the company said.
In the previous quarter, Google stunned Wall Street with a rare miss of analysts' profit and revenue expectations, driving its stock down more than 10 percent. (Click here to get after-hour quotes for Google.)
