The stock took off over a thousand dollars, reaching an all-time high. Google smiles, after a quarterly with results beyond expectations. Shares of the Mountain View giant, already brilliant in the after-hours market, rallied more than 13%, reaching a peak of 1007,4 dollars. Market capitalization rose to $332,72 billion, just below that of Apple ($462 billion) and Exxon Mobil ($384,81 billion).
In the third quarter, net income was $2,97 billion on revenues of $14,89 billion (up from $11,33 billion a year ago). Earnings per share are $10,74 versus $10,34 expected and $9,03 for the same period last year. “We are facing another quarter of strong performance,” said Google's number one, Larry Page, also underlining the “great advances in products”.
The 12% increase in revenues and 36% in net profits also comes thanks to the increase in the price paid for advertising on smartphones and tablets. YouTube is also doing well, whose traffic is now 40% on smartphones and tablets, while the recent acquisition of Motorola is still a loss (248 million dollars in the third quarter).
