Google trades at UDS 1,000 per share

Google trades at UDS 1,000 per share

Google trades at UDS 1,000 per share

Shares of Internet major Google soared past USD 1,000 per piece in the morning trade today on Nasdaq, boosted by strong quarterly results.

The scrip surged nearly 13 per cent to touch USD 1,007.40 on Nasdaq, taking its market capitalisation to more than USD 334 billion.

Google has become the second American stock to cross the USD 1,000 mark, as per media reports. Recently, Priceline, an online travel site, had crossed this threshold.
Delivering a strong quarter, Google on Thursday posted a net income of USD 2.97 billion in the three months ended September.

In the year-ago period, the same stood at USD 2.18 billion.

"Google had another strong quarter with USD 14.9 billion in revenue and great product progress.

"... We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device," Google CEO Larry Page said in a statement yesterday.

Get a round-up of the day's top stories in your inbox

Check out all newsletters

Get a round-up of the day's top stories in your inbox