Google Stock Rises Following Q3 Report

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

NEW YORK Google’s stock closed on Nasdaq up $23.05 or 15 percent at $172.43 today, following its first quarterly earnings report yesterday as a publicly traded company.

The shares (GOOG) are trading at more than double the Aug. 19 initial offering of $85 a share.

The Mountain View, Calif.-based search company achieved a third-quarter net income of $52 million, or 19 cents per diluted share, an increase from $20.4 million, or 8 cents per diluted share, in the prior-year quarter.



AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in