Google stock hits new high as analysts boost earnings estimates
By Michael Liedtke, The Associated Press
SAN FRANCISCO -- Google Inc.'s earnings are growing so rapidly that not even the stock market bulls can keep up.
Blown away by the online search engine leader's first-quarter profit, securities analysts raised their already high expectations for Google and investors scrambled Friday to buy a piece of a company that's drawing comparisons to some of high-technology's greatest growth stocks of the past.
The fervor lifted Google's stock to a new high on an otherwise dismal day on Wall Street.
Google's shares traded as high as $224 on the Nasdaq Stock Market before retreating later in the day. By the time Nasdaq closed, Google's shares stood at $215.81, a gain of $11.59, or 5.7 percent.
Google stock hits new high as analysts boost earnings estimates
SAN FRANCISCO -- Google Inc.'s earnings are growing so rapidly that not even the stock market bulls can keep up.
Blown away by the online search engine leader's first-quarter profit, securities analysts raised their already high expectations for Google and investors scrambled Friday to buy a piece of a company that's drawing comparisons to some of high-technology's greatest growth stocks of the past.
The fervor lifted Google's stock to a new high on an otherwise dismal day on Wall Street.
Google's shares traded as high as $224 on the Nasdaq Stock Market before retreating later in the day. By the time Nasdaq closed, Google's shares stood at $215.81, a gain of $11.59, or 5.7 percent.
Google stock hits new high as analysts boost earnings estimates
posted by ~~cHaRLie~~ at 12:11 AM
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