Shares of Internet company Google in electronic trading after the close of U.S. exchanges July 14 rose just 12 percent and closer to the mark at $ 600 per share. As noted by Bloomberg, on investor sentiment impacted the quarterly report searcher: company’s financial results were better than expected by analysts.
In the second quarter 2011 revenues of USD 8.74 per share consensus forecast of analysts at 7.85 dollars. Net profit rose by Google 36 percent to 2.51 billion dollars (7.68 dollars per share). For comparison, a year earlier same period did not exceed 1.84 billion dollars (5.71 dollars per share).
Bloomberg points out that the company’s revenues could grow from the actions of the head of Google, Larry Page, who is trying to bring the search engine for new markets, in particular, mobile and display advertising. Simultaneously, Paige tries to keep Google’s position on the profile for the company’s market – the search engine.
In early July, Google has presented a social network Google +. As previously aired agency Reuters, investors welcomed the innovation: for the first half of July Google shares on the stock exchange went up by 11 percent. In this July 14 on the Nasdaq in the U.S., they fell by 1.73 percent since the beginning of the year (not counting premarketa July 15) – More than 10 percent. Historic highs reached in Google shares in 2007, when for one security search engine gave more than 700 dollars.