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 SAN FRANCISCO (AP) - Google shares climbed nearly 6 percent in midday trading Friday after reporting sharply higher earnings for the first quarter, the latest unexpectedly strong financial report since its initial public offering of stock eight months ago.
Google shares surged $11.57, or 5.7 percent, to $215.79 in midday trading on the the Nasdaq Stock Market, approaching its 52-week high of $216.80.
The Mountain View-based company provided yet another boost Thursday, announcing earnings of $369.2 million, or $1.29 per share, for the three months ended in March. That compared with net income of $64 million, or 24 cents per share, at the same time last year.
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