Here's What Wall Street Is Saying About That Big Google Earnings Beat
The stock is soaring
Google Sees Click Growth But Value Falls
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After the bell yesterday, Google unveiled earnings that topped analysts’ estimates, sending shares up as much as 14 percent in late trading on investor optimism that the Internet search giant can keep costs in check. As of 7:15 a.m. in New York, the stock is set to open around $650.
The stakes were high this quarter; Google shares have struggled over the past year and it was also Ruth Porat's first earnings report as CFO at the tech giant after she left Morgan Stanley earlier this year.