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Google shares up after hours

April 12, 2012 at 10:36 PM   |   Comments

NEW YORK, April 12 (UPI) -- U.S. search engine Google's shares kept rising in after-hours trading Thursday night after announcing better-than-expected earnings and a 2-for-1 stock split.

TheStreet.com reported Google shares finished the regular trading session up 2.37 percent at $651.01 and then had picked up another 0.32 percent to reach $653.10.

Google reported first-quarter earnings of $10.08 a share on revenue of $8.14 billion, excluding traffic acquisition costs. Total revenue was $10.65 billion.

Revenue in the United States was up 22 percent year-over-year, while overseas revenues rose 26 percent, The Street.com said.

Google Chief Executive Officer Larry Page said the company "had another great quarter" revenue-wise.

"We also saw tremendous momentum from the big bets we've made in products like Android, Chrome and YouTube," he said. "We are still at the very early stages of what technology can do to improve people's lives and we have enormous opportunities ahead. It is a very exciting time to be at Google."

Topics: Larry Page
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