Google (GOOG) Beats Estimates

Google (GOOG) earned $1.51 beating Wall Street estimates of $1.36 per share. The stock is up $31 points in after hours trading (10%).

Record Revenue of $1.578 Billion (Up 96% YOY) (14% Sequential Revenue Growth)
Google Owned Sites Revenue: $885 Million (Up 20% from Q2)
Partner Sites (Adsense Revenue): $675 Million (Up 7% from Q2)
Just another great quarter for Google.

Goldman Sachs after the earnings report said the stock could hit $398
Source: Reuters

Note: I am long Google (GOOG).