NEW YORK — Strong third-quarter results have sent Google's stock past the $1,000 mark for the first time.
Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 percent to $1,007.40 in heavy trading before edging back down to $1,000 later in the morning. The stock had never been higher than $928 in regular market trading since Google went public at $85 per share nine years ago.
Late Thursday, Google reported a 36 percent jump in third-quarter net income that beat Wall Street's predictions. The numbers showed that while the company's average ad prices continue to decline, they're being offset by a larger number of people clicking on ads.
Read tomorrow's Arkansas Democrat-Gazette for full details.