Google Stock Hits All-Time High, Surpassing $1KBy: Chris Crum - October 18, 2013
Google released its quarterly earnings on Thursday, beating Wall Street expectations.
Revenues were up 12% year-over-year, hitting nearly $15 billion. GAAP EPS were $8.75 on 339 million diluted shares outstanding, compared to $6.53 in the same quarter last year. Non-GAAP EPS were $10.74, compared to $8.87 last year.
You can see the full earnings statement here.
The report shot Google’s shares up to a new high, surpassing $1,000 for the first time.
As of the time of this writing, shares are at $1,002.12 (+113.33, 12.75%).
That’s pretty impressive considering that Google stock reached an all-time high earlier this year when it surpassed $800. That was after hitting a record high of around $750 just a few months before that.