Google Stock Price Soars on Strength of Mobile Ad Business

by Matt Southern
Google’s stock price shot up immediately on Friday, rising nearly 15% following the previous day’s earnings call with new CFO Ruth Porat. Porat announced profits that handily beat Wall Street estimates — second-quarter revenue totalled $14.35 billion, an 11% increase, resulting in a profit of $6.99 a share. Google’s reported revenue of $14.35 billion is up from Wall Street’s estimated $14.Read the full article