Remember meForgot password?
    Log in with Twitter

article imageGoogle shares rise above $1,000

By Tim Sandle     Oct 18, 2013 in Business
Shares in the Internet giant Google have topped $1,000 for the first time in the company's history. Shares jumped 13.8% on Friday after Google reported better-than-expected earnings.
At the end of Friday's trading, shares in Google closed 122 points up at $1,011.4, according to the BBC. As a benchmark, when Google was floated in August 2004 the price was $85 a share. Since the start of 2013 shares have risen an impressive 42%. Google's market value is now estimated to be about $334 billion (an extremely high figure, but one still well below Apple's $461billion).
The share price rise followed the company posting a 36% jump in net profits to $2.97 billion for the July-to-September period on Thursday. More good news for investors is that Google's revenues are set for a 12% rise year-on-year.
With an eye on the future, The Guardian notes that Google has launched a service aimed at helping advertisers display their ads through a mix of smartphones, tablets and desktops. The move cashes in on the rapid growth of business on phones and tablets as consumers go mobile.
More about Google, Shares, Share price
More news from
Latest News
Top News