vendredi 25 octobre 2013

Shares of Google opens in record, reaching $1,000 stock

Summary: The search giant (turn everything else) opened Friday a high all the time. Shortly after the opening bell, gave $1,000 to the action.

google(Image: ZDNet)

Google hit the $1,000 a share mark on Friday, less than a day after strong fiscal third-quarter profit reports.

The search gave back cloud and mobile giant opened 91 points, or 10 percent, on the New York Stock Exchange, when the opening bell shook at 9:30 am ET.

However, despite the good round figure of four digits, doesn't mean everything too for the company. Companies valued by its figure of (in a rough sense) market capitalization.

At the time of writing, Google's market capitalization stood at $334 billion. In comparison, although Apple is currently trading at $508 action, its market capitalization is significantly higher at $462 billion.

On Thursday, Google reported third quarter better than expected results.

The internet giant reported a net income of $2.97 billion, or $6.53 the action. Despite the fall in prices of advertising, Google results were offset by a higher proportion of the ad-clickers.

In the last ten years, shares of Google has risen almost ten times of its initial public offering of $100 price action.

Screen Shot 2013-10-18 at 10.16.00$GOOG at 10 am ET on Friday (image: Google Finance)

Zack Whittaker writes for CBS News, CNET and ZDNet. It is based in the city of New York.

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