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after-hours posts

Google up 7% after hours; search icon can do no wrong

Posted Oct 19th 2006 6:45PM by Sarah Gilbert (RSS feed)
Filed under: After the Bell, Major Movement, Earnings Reports, Google (GOOG)

I looked at the green numbers all over the screen around 3:30 p.m.; nearly every BloggingStocks company was up big today, Google Inc. (NASDAQ:GOOG) included. $6.75, I thought, wow. Nearly 2% increase.

And then there were earnings. Really, really, really great earnings. Revenue was up 70% over the third quarter of 2005. Ho-hum. That's because net income was up 92%. Holy ...

Holy $35 seems to be the end of that phrase. That's how much GOOG's up in after-hours trading, and may go even higher thanks to Cramer's new target of a whopping $560. While $560 seems almost insane to me, when I click over to after-hours trading I see a number that's awfully good. $459.51. Holy ...

How do you finish that phrase?

Cramer takes GOOG target to $560

Posted Oct 19th 2006 6:03PM by Jon Ogg (RSS feed)
Filed under: After the Bell, Major Movement, Analyst Reports, Internet, Google (GOOG)

Jim Cramer isn't shy about his expectations. Some of us on BloggingStocks pooh-poohed his earlier calls but it seems he knows of what he speaks! Today's third quarter earnings have Google Inc. (NASDAQ:GOOG) up big and, in comments on MAD MONEY tonight, Cramer touted his Google call. It's up $35 in after-hours trading, and he raised his target from $500 to $560, based on $14 per share and a 40x multiple.

GOOG traded up 7% to $457+ in after-hours trading after blowing away the street expectations.

Cramer, ever the showman, came out in the show's opening wearing GOOG in black marker on his forehead and on his knuckles.