Google's Stock Breaks $1000 for the First Time Ever

Google's Stock Breaks $1000 for the First Time Ever

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Google's stock surpassed $1000 for the very first time after the company announced financial results for the quarter ended September 30, 2013.

Sales and profit topped analysts' estimates leading to an 11% jump in the stock's price.

Bloomberg notes: "While Google struggles with declining mobile premiums, it’s staving off a dent in revenue by selling more ads at a faster rate. The volume of clicks on advertisements climbed at the fastest pace this year, compensating for a drop in average-ad prices."

Google reported consolidated revenues of $14.89 billion for the quarter ended September 30, 2013, an increase of 12% compared to the third quarter of 2012. Traffic acquisition costs totaled $2.97 billion, or 24% of advertising revenues.

Google's current market cap is $335.44 billion. That's still short of Apple's $461.37 billion.

You can read the full earnings report at the link below.

Read More [via Bloomberg]


Google's Stock Breaks $1000 for the First Time Ever
Steve In Heaven - October 18, 2013 at 5:58pm
Why does the line one go up then straight right?
Monal Valia - October 18, 2013 at 6:20pm
market closed at that time
kkpkmk50 - October 18, 2013 at 6:42pm
It was at 880 at market close, then they announce the earnings and the stock immediately shot up to 960 on the after hours trading. Next day hit 1000 per share. Pretty awesome run, GOOG.
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