Google blows the lid of earning and rockets in afterhours trading

Posted By on October 13, 2011

googlestock111013

I’m watching Google shares after the close (GOOG 558.99 ) jump $40.00 a share  reporting earnings of $8.74 a share, up from from $7.64 per share a year ago. Revenue also increased to $7.51 billion from $5.48 billion last year.

According to reports, “analysts had expected Google to post earnings of $8.74 per share and $7.22 billion in revenue” so matching and beating those numbers is promising for Google and for the technology sector … maybe even light at the end of the tunnel for the economy in the U.S.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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