Google Shares Hit New High

Earnings beat expectations

Google shares hit a new high in after-hours trading Thursday after the Internet giant's earnings blew past expectations as its advertising business expanded.

Google shares, which are up around 24 percent this year, rose more than 5 percent in after-hours trading, topping $948 a share. The previous high was $924.30, set on July 15. (Click here for the latest after-hours quote.)

"They were able to grow their revenue pretty substantially, particularly in their own websites, in spite of having lower overall ad prices,'' said JMP Securities analyst Ronald Josey.

Comments

[cmace]

Google Shares New High Hit

[Christophe]

Am I weird for wanting Google to become so big and powerful that it can challenge nation states? Like threaten to shut off Gmail for all americans if the feds pass a stupid law?

I guess it's my own twisted version of TOP MEN, but having large private entities acting as a fourth branch of government to counter the others seems like a good idea.

[montana mike]

Not when Google is partnering with the Man in their survelliance of US. I do admit to owning 10 shares that have made me some coin...I'm ready to say good bye.