NEW YORK ( TheStreet) -- Internet search giant Google ( GOOG) blew past Wall Street's profit estimate with its third-quarter results released on Thursday, despite global economic uncertainty and concerns about an antitrust investigation.Google's adjusted net income increased to $3.18 billion, or $9.72 per share, for the three months ended in September, well ahead of a profit of $2.46 billion, or $7.64 per share, in the same period last year.
Research In Motion ( RIMM) was in the news for the wrong reasons this week, thanks to a global disruption in the BlackBerry maker's service. The outage, which started on Monday, heaped yet more pressure on the embattled handset maker. In a press conference on Wednesday, RIM blamed the problems on the breakdown of a core switch in Europe and the subsequent malfunction of its back-up system. The Canadian company, which is struggling to keep up with Apple ( AAPL) and Google ( GOOG) in the smartphone race, said Thursday that BlackBerry service was fully restored. RIM's stock ended the week up 36 cents, or 1.52%, at $23.97.
Netflix ( NFLX) announced Monday that it is scrapping plans to separate its DVD-by-mail service and its streaming services. The controversial strategy had provoked a backlash from customers when it was announced last month. Netflix shares closed down 97 cents, or 0.83%, at $116.04 on Friday.
Shares of Clearwire ( CLWR) rose dramatically Thursday after the mobile Internet specialist posted record revenue in its preliminary third-quarter results. Clearwire's stock, however, ended the week down 6 cents, or 3.64%, at $1.59.
Tech earnings season hits full swing next week, with IBM ( IBM) and VMware ( VMW) reporting on Monday and Apple, Intel ( INTC), Juniper ( JNPR), Yahoo! ( YHOO) and EMC ( EMC) on deck for Tuesday. Xilinx ( XLNX), eBay ( EBAY) and Riverbed ( RVBD) report on Wednesday. AT&T ( T) and Verizon ( VZ) round out a busy week when they post their numbers, respectively, on Thursday and Friday. -- Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: firstname.lastname@example.org