The online search giant shows 26% rise in profits despite worsening economic conditions in the country. The announcement became a cause of 7% increase in the company’s shares in after-hours trading.

During the 3Q of the 2008, Google minted $1.35bn and beaten the analysts expectations quite easily.

The company said in an announcement that its earning had strongly grown and it’s mainly due to company’s online search and advertising businesses.

There was a 31% ($5.54bn) increase in Google’s quarterly revenue that also includes commissions to associated advertisers.

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According to the Columbus, Ohio-based company Limited Brands Inc., its profit dropped by more than half during the 2nd quarter. The company said that difficult retail environment was the basic factor behind drop in its profit. However, the results of the 2nd quarter beat the expectation of the company as it kept a tight hold on its expenses and inventory.

After closing at $17.97, the shares rose to $ 1.09 (6.1 percent) as $18.90 in aftermarket electronic trading.
The specialty apparel maker company, which operates with Victoria’s Secret and Bath & Body, announced that its profit for the second quarter ended Aug.2 dropped 30 cents per share or 61 percent to $ 102 million.

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On Tuesday, Saks Fifth Avenue chain reported huge loss for the 2Q. According to the report, Saks’ well off customers cut back on apparel in the course of a sluggish economy and it was basic factor behind that wider-than-expected loss.

The operator of luxury goods retailer also predicted lackluster in activity during the rest of the year.

In premarket trading, Saks shares tumbled around 14 percent, dropping $1.57 to $9.65.

According to Saks, it had to bear 23 cents per share or $ 31.7 million loss during the second quarter that ended on Aug. 2. For the same period a year back, the net loss was reported 17 cents per share or $ 24.6 million as net loss. The retailer revenue dropped 3.5 percent to $669.2 million.

Thomson Reuters tells that the surveys were suggesting a smaller loss of 19 cents per share on the high proceeds of $679.2 million.

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