ClipsGoogle Beats the Bears
First Clipped on Jun. 19, 2008
Report Clip
The Google bears are scurrying back into the woods. On Apr. 17, Google quelled concerns that the slowing economy would finally hurt its business. Thanks to strong international growth and better payoffs from its search ads, Google (GOOG) turned in higher profit and revenue than Wall Street had expected. The shares jumped more than 17% in post-market-close trading Apr. 17, and soared 18% to $529.17 in early trading Friday. The stock closed at $449.54 the previous session.
