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Google Shares Top $1,000 For First Time

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Google Shares Top $1,000 For First Time

Business

Google Shares Top $1,000 For First Time

Google Shares Top $1,000 For First Time

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  • <iframe src="https://www.npr.org/player/embed/237057620/237024017" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Google reported better than expected third-quarter sales and profits, reporting a profit of nearly $3 billion during the third quarter, up nearly 40 percent from a year earlier.

DAVID GREENE, HOST:

NPR's business news start with Google at an all-time high.

(SOUNDBITE OF MUSIC)

GREENE: The Internet giant shares soared to new heights this morning, topping $1,000 a share. Google reported better than expected third-quarter sales and profits, reporting a profit of nearly $3 billion during the third quarter, up nearly 40 percent from a year earlier.

It is now the fourth company trading on a major exchange to have a stock price of $1,000 or more.

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