Google Blows Away Estimates (GOOG)

Google

blew away estimates as it just reported an outstanding quarter, and shares are flying higher after the close of the bell. Google reported earnings of $7.64 per share versus the expectations of Wall Street analysts of $6.69. Revenues beat handily, coming in more than $2 billion higher than what was expected from analysts. Revenues were $5.5 billion versus expectations of $5.25 billion. Google is moving sharply higher in the after-hours market, gaining $37.77 or nearly 7% to $578.70.