Google stock soars on solid earnings news

April 17, 2008 | MG Siegler | Comments | |

Google’s stock price is surging, up over $80-a-share in after-hours trading. This is a huge gain of over 17 percent. The stock is back above the $500-a-share mark for the first time since the end of February.

One of the big reasons for the surge? Huge growth in international markets and paid-click numbers that proved the speculators wrong (as we have suggested multiple times).

We are on the Google call right now and will update with more information when it’s over.

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About the Author, MG Siegler

MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.

  • So, it wasn't that bad after all...I wonder how many times Google will beat the analysts.
  • @mircea - I think it'll go back and forth. analyst raise expectations after a homerun, google misses, analysts lower expectations, homerun.
  • Yeah, I guess you're right. Nobody knows for sure...and that it's the charm of this game.