Google share value breaks $1000 barrier

Google’s better-than-expected earnings report has sent the company’s shares surging past the $1,000 barrier for the first time in its history during trading on Friday. Since Google beat Wall Street expectations by reporting third-quarter earnings per share of $10.74 on revenue of $14.9 billion Thursday, its stock value has surged by more than 13% and has blown past the $1,000 mark. The company’s market cap now rests in the $330 billion range, making it easily the second-most valuable tech company in the world behind Apple. Google for the first time now has a comfortable lead in terms of market cap over Microsoft, which on Friday had a market cap in the $290 billion range.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s