Google Beats The Pants Off Of Earnings Estimates
Lets start with the “factiods”
Google earned $4.12 per share. Discounting the stock given to employees, GOOG would have made $4.84 per share. This is higher than the average analyst expectation of $4.52 per share.
The Google pedestal is getting taller and taller. This is the 12th time out of the 15 quarters since GOOG went public that earnings beat expectations. Who can keep that pace up?
After hours trading is rewarding the stock price, up … hold on to your hat … $76.42 (17%) in after hours trading to $525.96.
