Google stock soars on earnings report
Google Inc. shares rose more than 18 percent Friday, a day after the company reported a 31 percent increase in first quarter profit and solid growth in its advertising business.
Mountain View-based Google (NASDAQ: GOOG) went as high as $535.50 in early trading.
On Thursday the company reported net income of $1.31 billion, or $4.12 a share, from $1 billion, or $3.18 a share, in the same period a year earlier http://abc-cashadvance.com.
Revenue rose to $5.19 billion from $3.66 billion.
Chief Executive Eric Schmidt said the company’s paid-click growth was "much higher than has been speculated by third parties."
Silicon Valley / San Jose Business Journal