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. That would mark an all-time high for the stock in regular trading if it closes at that level on Friday, adding roughly $40 billion to its market value.
Google remains the most valuable publicly traded U.S. company after Apple Inc.
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