Google earned $1.31 billion, or $4.12 per share during the first quarter of the year. This compared with $1 billion, or $3.18 per share, in the first quarter of 2007. It beats investors expectations and allowed the stocks of Google to rise $77.36 after hours trading.
This is an impressive performance and allow Google shares to return to above $500. It is the 12th of of 13th quarters that Google had topped expectations and I expected it to continue rising on Fri when the market starts. This news will certainly rise the spirits of the Dow which finished up at a mere 1.22 points
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Google really surprises investors. Given Comsource report that keep having negative news about Google, yet it is able to achieve such spectacular results.