Google's shares surged in after-hours trading on The Nasdaq Stock Market, on the company's strong third quarter financial results. Shares of the world's largest hard drive maker, Seagate Technology, soared on news reports of a takeover bid.
Google's stock rose 9.1 percent, or US$49.07, to $590 in after-hours trading. That's the highest level the stock has seen since it hit $597.84 during mid-day trading on April 15.
The company reported its third quarter net income increased 32 percent year-on-year to $2.17 billion, while its revenue rose 23 percent to $7.29 billion. Both figures beat analysts estimates.
Google executives said they saw strength in every major product area during the third quarter.
Google's stock was the third most actively traded, by volume, on the Nasdaq after-hours on Thursday.
More: http://www.pcworld.com/article/207920/
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Google's stock rose 9.1 percent, or US$49.07, to $590 in after-hours trading. That's the highest level the stock has seen since it hit $597.84 during mid-day trading on April 15.
The company reported its third quarter net income increased 32 percent year-on-year to $2.17 billion, while its revenue rose 23 percent to $7.29 billion. Both figures beat analysts estimates.
Google executives said they saw strength in every major product area during the third quarter.
Google's stock was the third most actively traded, by volume, on the Nasdaq after-hours on Thursday.
More: http://www.pcworld.com/article/207920/
