Shares opened at $979 and is inching closer to that $1,000-a-share psychological benchmark. October 18, 2013 6:31 AM PDT (Credit: James Martin/CNET) Google has won itself some new fans on Wall Street. Your Heading Here Watch out, PayPal: Amazon's following the money Nexus 5 quietly appears at Google Play for $349 Apple, Google, Facebook don't pay the highest engineer salary Apple's touch-screen patent upheld by US Patent Office Mozilla unimpressed with Google's Web photo standard The Internet search giant on Thursday posted third-quarter results that topped expectations amid continued strength in its key search business. As a result, shares opened up more than 10 percent to an all-time high of $979 (and rising) after trading around that level in pre-market action this morning and in after-hours trading last night. The surge likely have investors talking about $1,000 again, as Google nears that psychological benchmark. Google benefited from a rise in aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of Google's Network members. The company has also been expanding its line of Chromebook devices, and its Android mobile operating system continues to dominate the market for smartphones. The results are more impressive given the losses that its Motorola Mobility unit continue to sustain. The results represent a return to form after Google posted disappointing results in the second quarter. The stock has risen nearly tenfold from its initial public offering price of a little more than $100 a share in August 2004.
Shares opened at $979 and is inching closer to that $1,000-a-share psychological benchmark.
Google has won itself some new fans on Wall Street.
Your Heading Here
- Watch out, PayPal: Amazon's following the money
- Nexus 5 quietly appears at Google Play for $349
- Apple, Google, Facebook don't pay the highest engineer salary
- Apple's touch-screen patent upheld by US Patent Office
- Mozilla unimpressed with Google's Web photo standard
The Internet search giant on Thursday posted third-quarter results that topped expectations amid continued strength in its key search business. As a result, shares opened up more than 10 percent to an all-time high of $979 (and rising) after trading around that level in pre-market action this morning and in after-hours trading last night.
The surge likely have investors talking about $1,000 again, as Google nears that psychological benchmark.
Google benefited from a rise in aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of Google's Network members. The company has also been expanding its line of Chromebook devices, and its Android mobile operating system continues to dominate the market for smartphones. The results are more impressive given the losses that its Motorola Mobility unit continue to sustain.
The results represent a return to form after Google posted disappointing results in the second quarter.
The stock has risen nearly tenfold from its initial public offering price of a little more than $100 a share in August 2004.
