NEW YORK ( TheStreet) -- Google ( GOOG) rose 2.4% to $641.50 in pre-market trading Friday after posting a fourth-quarter earnings beat and announcing that co-founder Larry Page will replace Eric Schmidt as CEO beginning April 4.

Google's adjusted profit rose to $8.75 per share from $6.79 during the same quarter last year. Analysts had expected adjusted profit of $8.07 per share.

The company generated adjusted revenue of $6.4 billion, beating analyst forecasts of $6.05 billion.

In other Google news, the search giant is reportedly launching a daily deals service, Google Offers. The company has tried to get into the local deals space in the past, offering to acquire Groupon for $6 billion last year.

Advanced Micro Devices ( AMD) was up 1.3% to $8.12, as it beat Wall Street's fourth-quarter earnings estimates, although revenue was flat compared to the prior year's quarter.

The chipmaker reported revenue of $1.65 billion and earnings of 14 cents a share. In the same period last year, AMD generated sales of $1.65 and earnings of 11 cents a share. Analysts were looking for revenue of $1.63 billion and earnings of 11 cents a share.

Hewlett-Packard ( HPQ) was up 0.02% to $46.79 after announcing Thursday it had named five new members to its board of directors, including former eBay ( EBAY) CEO Meg Whitman and Patricia Russo, former chief executive officer of Alcatel-Lucent ( ALA). The appointments, effective Friday, will bring the total number of board members to 13.

Yahoo!'s ( YHOO) Australian subsidiary has acquired deal site Spreets for $40 million, it was announced Thursday. Daily deal site LivingSocial has also looked to expand into the Australian market, snapping up a majority stake in Aussie group buying service Jump On It late last year.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

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