Google's share price exceeds the $ 1,000 for the first time - 20minutes.fr

bar is symbolic but it is no less significant. Nine years after its debut on the stock market, Google stock has passed for the first time, meeting the threshold of $ 1,000, with a high of 1007.40 dollars in mid-day.

Why

an increase of 13% compared to the previous day? Because Google has released its quarterly results, and Wall Street was pleasantly surprised. In particular, they welcomed a 36% jump in net income of the group, to 2.97 billion, and 12% of its turnover to 14.89 billion. Its earnings per share excluding exceptional, the reference to the United States, exceeded 40 cents the average forecast of analysts, to $ 10.74.

Apple remains number one in the capitalization

It is very rare that the symbolic threshold of $ 1,000 was surpassed by Google as a title listed in the S & P 500, an index which includes 500 large-cap U.S. stocks and is expected to provide a broad measure of activity the New York Stock Exchange. The online travel cheap Priceline was the first index value to do in September. It still is today above this threshold (1.57% to $ 1048.36 Friday).

But the price of a share is symbolic. The absolute reference is the overall capitalization. And this game, 330 billion, Google is number 3 in the United States, behind Apple ($ 460 billion) and Exxon Mobil (385 billion) but ahead of Microsoft (291 billion). However, Google has the wind in its sails, with an increase of 40% year on year, while Apple shares fell 5%.

P.B. with AFP