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Google shares surge past $1,000 in Friday trading

October 18th, 2013 at 10:08 AM
Google Share Value $1,000

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.

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