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.
Google shares surge past $1,000 in Friday trading
Updated Oct 18th, 2013 10:15AM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
