Investors sent Google’s shares soaring past the $1,000 mark Friday following its stellar third-quarter earnings report. Google reported $14.89 billion in revenue, a 12 percent increase compared with the same time a year ago, beating Wall Street expectations. It posted net income of $2.97 billion, up from the $2.18 billion a year earlier. Google-owned sites accounted for 68 percent of the company’s total segment revenues, bringing in $9.39 billion, a 22 percent increase from Q3 2012.
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Solid Q3 Sends Google to Stratosphere
Posted by: Rachelle Dragani October 18, 2013 02:31 PMInvestors sent Google’s shares soaring past the $1,000 mark Friday following its stellar third-quarter earnings report. Google reported $14.89 billion in revenue, a 12 percent increase compared with the same time a year ago, beating Wall Street expectations. It posted net income of $2.97 billion, up from the $2.18 billion a year earlier. Google-owned sites accounted for 68 percent of the company’s total segment revenues, bringing in $9.39 billion, a 22 percent increase from Q3 2012.