Thursday, October 17, 2013

Google (GOOG) Reports 3Q'13 Results

Google (GOOG) reported 3Q'13 results after the market closed today (02013.10.17). I immediately went to read the company's press release after seeing GOOG was up over 8% in after hours trading. In a nutshell, Google had another great quarter. Free cash flow: $2.79 billion; capital expenditures: $2.29 billion; workforce increased by 1984 workers; effective tax rate: 15%; and, "cash" at end of the quarter: $56.2 billion.

GOOG closed today (02013.10.17) at $888.79. 52-week range: $636.00 - $928.00. Based on after hours trading it's possible Google will hit a new 52-week/all-time high tomorrow.

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