Google blew away forecasts and is up 40 points or almost 8% in after hours trading

Google just posted its Q3 2010 earnings results and it looks like the company did pretty well for itself.  Google (GOOG) is up 40 points or 7.5% in after hours trading.

Google reported non–GAAP EPS of $7.64, compared to an analyst consensus $6.68.  Revenue was $7.29 billion for the quarter ended September 30, 2010, an increase of 23% compared to the third quarter of 2009.

Google, for this report only, broke out emerging businesses:

• $2.5B - Display annualized run rate (YouTube, non text ads).  Display Advertising is making 2.5Billion/year.
• YouTube 2 Billion views/week.  RPMs are strong.
• $1 Billion is made in Mobile.

That's $600 million over earlier estimates for Display.

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