Google Helps Perk Up Street
NEW YORK Stocks soared Thursday, and Google set the stage for a rally on Friday by reporting solid quarterly earnings after the closing bell.
Google’s upbeat report — slightly marred by negative comments about the general economy noticeably weakening in the past four weeks — had its shares climbing as much as 10 percent after-hours. During regular trading, the stock rose 4 percent to $353.02.
Google executives said during their conference call Thursday that they are seeing an explosion in mobile search and that they are bullish on online video, hence their effort to give video results on the first page of searches.
Google’s price action, though, underperformed the broader markets Thursday, with the Dow jumping 4.7
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in