The Traderszone Network

Published in TZ Latest News 16 July, 2015 by The TZ Newswire Staff

Google rallies as profit beats forecasts on ad revenue growth

BENGALURU/SAN FRANCISCO (Reuters) – Shares of Google Inc rose nearly 12 percent after the Web search leader’s profit beat forecasts for the first time in the last six quarters, boosted by strong advertising revenue and comments by its new chief financial officer on disciplined spending. Google rallied to $673.50 in extended trading after closing at $601.78 on Nasdaq. Google remains the most valuable publicly traded U.S. company after Apple Inc.