Google Gets the Green Light, Markets Perk Up
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The SEC hurdle had been closely watched after Google made some missteps after announcing its intention to go public, including possibly violating the quiet period regulations. At the market close, the Dow had climbed 110.32 ...
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NEW YORK/SAN FRANCISCO  - Shares of Google Inc.  rose as much as 20 percent on Friday, to trade at more than  twice the level of it cut-price IPO, after the Web search  leader posted strong quarterly results in its first reported  quarter as a public company.
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Since its IPO back in August, the search engine Google has seen its shares rise over 70% in a little over two months. Google shares closed Tuesday at $147.
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Google&#39;s eleventh hour price adjustment might have saved it some red-faces when it finally floated last week, but it&#39;s back to earth with a bump this week.
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When Google (GOOG:Nasdaq - news - research) went public, its leaders announced that the company was happy to pursue major projects with an uncertain financial payoff.
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(InfoWorld) - Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average. Google generated revenue of $3.21 billion, an increase of 67 percent compared to the fourth quarter of 2005. Subtracting the commissions it pays to its advertising partners, revenue came in at $2.23 billion, topping the consensus expectation of $2.195 billion from analysts polled by Thomson Financial. Net income was $1.03 billion, or $3.29 per share, compared with $372.2 million, or $1.22 per share, in 2005's fourth quarter. On a pro forma basis, which excludes certain items, net income was $997 million, or $3.18 per share, topping analysts' expectation of $2.92 per share.
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Google's stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite.
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Shares of Google Inc. GOOG.O rose 15  percent to $98 in the first minutes of their Nasdaq stock  market debut on Thursday after the year's most anticipated  initial public offering priced far below initial estimates.
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SAN FRANCISCO - Google's third-quarter revenue jumped 57%, but a hiring binge and product speculation left Wall Street wondering what the search giant wasn't revealing.
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U.S. stocks to watch: GOOGLE INC. (GOOG.O) Google shares jumped 18 percent in their long-awaited stock market debut on Thursday after a scaled-down &#36;1.67 billion IPO marked by missteps and lackluster market conditions. The stock closed at &#36;100.34.
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Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average.
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Shares of Google Inc. rose as much as 20 percent on Friday, to trade at more than twice the level of it cut-price IPO, after the Web search
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In a debut vaguely reminiscent of the heady days of the dot-com boom, shares of Google Inc. surged in their first day of public trading Thursday as investors who avoided the company&#39;s auction-based offering readily jumped into the familiar territory of ...
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NEW YORK/SAN FRANCISCO  - Google Inc. GOOG.OQ on  Wednesday got the green light to go ahead with a downsized  version of its much-hyped initial public offering, meaning its  shares could trade on Nasdaq as early as Thursday.
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NEW YORK/SAN FRANCISCO  - Shares of Google Inc.  rose as much as 20 percent on Friday, to trade at more than  twice the level of its cut-price IPO, after the Web search  leader posted strong quarterly results in its first reported  quarter as a public company.
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Google Inc., the reigning king of Web search, cast a long shadow in the high-technology world last summer when it raised $1.67 billion in an initial public offering and saw its share price quickly double.
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Investors were scrambling to buy Google stock again after the company&#39;s earnings report. Google shares rocketed higher by 13 percent, or more than $20, in trading this morning to $169.