Google Soars on Earnings

Last month, I highlighted how inexpensive shares of Google ($GOOG) had become (which was actually a follow-up from a similar post in May).

I noted that the premium for Google’s valuation was just 8.8% based on this year’s earnings, and 6.5% based on next year’s. Yesterday, the company reported Q2 earnings of $8.74 per share which was 89 cents higher than estimates. The stock has been up as much as $71 today.

Posted by on July 15th, 2011 at 11:40 am


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