Last night, Google released its financial report for Q4 2012, and it did not disappoint. Google beat analyst predictions by posting $14.42 billion in revenue and a net profit of $2.89 billion. Revenue was up a very healthy 37% year-over-year, which you know is something that has investors excited to move into 2013.
Those investors are showing Google some love today, with the company’s stock taking a nice jump up during trading. At the time of this writing, Google’s stock price is hovering around $747.30, which is up more than $44. That certainly isn’t bad, and represents a 6.28% gain – perhaps we’ll see Google begin to close in on the $800 point in the next few days?
Apple is enjoying a boost of its own, though it hasn’t unveiled its quarterly report just yet. That comes later in the day, so this slight jump we’re seeing is the product of investor anticipation. Apple’s stock is up nearly $6 or 1.18% to $510.71, so even though it isn’t the biggest of jumps, it’s pretty easy to see that investors are excited for this evening’s financial report.
They have every reason to be, as today’s financial report will give us a good look into how well the iPhone 5 has been performing. The expectation, of course, is that it’s been selling well, which is why we’re seeing this early boost. However, we won’t know for sure until Apple releases that financial information later in the day, so stay tuned.
[via USA Today]