Google profits under pressure

Google’s profit and sales are under pressure as the operator of the largest search engine struggles to wring advertising revenue from the growing number of people surfing the web on tablets and smartphones.

The company yesterday reported third-quarter revenue, minus some items, of $11.3bn (€8.7bn), short of the analysts estimate of $11.8bn.

The shortfall caused the stock to tumbled 8% after the results were inadvertently released early.