At online trades on July 14 after the American burses closed, Google internet company shares grew by 12% in one go and reached the level of USD 600 per share. As Bloomberg notes, investors’ sentiment was influenced by a quarter report of the search system: the financial results of the company exceeded the expectations of analysts.
In the second quarter of 2011 the company’s profit constituted USD 8.74 per share with analysts forecasting USD 7.85. The net profit of Google increased by 36% to equal USD 2.51 mln. (USD 7.68 per share). A year ago this indicator was less than USD 1.84 (USD 5.71 per share).
Bloomberg emphasizes that the company’s revenues may grow due to actions taken by Chief Executive Officer of Google Google Larry Page who has been attempting to put the search system forward to new markets, in particular to those of mobile and display advertisement. Page also tries to preserve Google positions on the main market – search one. As it was earlier reported by Reuters, investors approved of this novelty: for the first half of July Google shares on the burse gained another 11%. Meanwhile, on July 14 they fell by 1.73% on the US Nasdaq and lost over 10% since the beginning of the year (excluding July 15 premarket). The Google shares reached their high in 2007 when one share was sold at the price running over USD 700.
