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Google Spells Relief for Tech Stocks - Jumping to $500 in After-Hours, Tops Q1 Expectations

Posted by Brooks McFeely on Thu, Apr 17, 2008 @ 04:10 PM
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Google (GOOG) spells relief for the tech sector as it is surging higher follwoing its earnings report after the bell this evening.

Google reports Q1 revenue, ex Traffic Acquisition Costs, of $3.7 bln, better than the Thomson First Call consensus of $3.6 bln. Non-GAAP EPS was $4.84 per share, better than Street estimates of $4.52 per share.

It's up, up and away for the tech sector tonight and tomorrow. Don't wait till the open to pick up your favorite tech stock. As for Google, take a look at the MidnightTrader Forecast Report to get some insight on how to play it tonight.

 

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