Saturday, April 19, 2008

Business & Technology | Google shares surge after stellar quarterly results | Seattle Times Newspaper

Impressive numbers...

Google's stock soared 20 percent Friday, restoring $28 billion in shareholder wealth as Wall Street renewed its love affair with the Internet search leader after weeks of worry about an online advertising slowdown.

Driven by stellar first-quarter results that surprised industry analysts, Google shares surged $89.87 to finish at $539.41. It marked the biggest one-day gain since Google's initial public stock offering in August 2004, leaving the shares at their highest closing price since January.

Business & Technology | Google shares surge after stellar quarterly results | Seattle Times Newspaper

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