For the first time ever, Google shares (NASDAQ: GOOG) have crossed the $1,000 a share mark after Google beats Wall Street estimates for its fiscal third quarter with profit of $2.97 billion for the quarter ending Sept. 30. Total revenue is also increased to $14.89 billion, up 12 percent over the third quarter of 2012. Google stock is soaring in early trading, up more than $110 a share, a gain of nearly 13 percent just today. It’s been a great 2013 for Google shareholders. Over the last 5 years shares have surged almost 170 percent.
Google said paid clicks increased by a quarter in the three months ended September 30, from a year earlier, the highest rate of growth in the past year. YouTube branded video-ads grew more than 75 percent in the quarter, from a year earlier, with 40 percent of traffic now coming from mobile devices.
Today’s surge means Google’s added $35 billion in market cap, which is more than the total worth of Yahoo ($34.1 billion). Now Google is worth more than $333 billion.