Oct 20 2006
After the close, Internet search company Google (GOOG) blew away Wall Street with third-quarter profit of $2.62 a share, up 73% from a year ago and 21 cents more than analysts expected.
The company said revenue topped $2.69 billion for the quarter, up 70% from a year ago and nearly $70 million more than Wall Street was expecting. The stock jumped nearly 7.5% at $457.80 in after-hours trading after closing up 1.6% to $426.06 in regular trading.
Google’s results don’t include anything from YouTube, which Google agreed to buy last week in a deal valued at $1.65 billion. The deal is expected to close by the end of the year.
i expect google to gap-up beautifully (and make money) on friday’s opening as the dow jones closed above 12,000 mark for the first time … it will be a volatile market tomorrow as it’s Friday and also Expiry date for options … hence if DJIA can hold above 12,000 and in positive territory, i believe google will ROCKS …
do you know that with the stock jumped by 7% (after hours trading), the company’s market value may rise by another $10 billion Friday ? that’s awful lots of money … that’s enough wealth to finance another six deals similar to web’s hottest video service, YouTube Inc … for the past year, Google has been hiring an average of a dozen new employees per day.
Shares of SanDisk (nasdaq: SNDK) fell 9% in extended trading despite the company’s strong third-quarter earnings report. The computer memory maker posted a profit of 61 cents per share on revenue of $751 million. Analysts expected SanDisk to report earnings of 57 cents per share on revenue of $730 million – this is what i say about equity market being in-efficient, beats earning and revenue but fell … strange ? well, since the fundamental is intact, i’ll hold on till the sellers subside as it will normally rebounce once it’s done …
in the meantime, BHE gapped-up (but it’s a small one) after beats the earning estimate and gave upside guidance after opening thursday …
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October 20th, 2006 by financetwitter
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