Google this week announced financial results for the quarter ended September 30, 2013, and investors reacted in positive fashion to the news, sending the company's stock to an all-time high. The Mountain View company reported consolidated revenues of $14.89 billion, an increase of 12 percent compared to the same quarter a year ago. That translated into a quarterly profit of nearly $3 billion, up an impressive 36.5 percent.
"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."
Google said the number of paid clicks rose 26 percent year-over-year, and 8 percent sequentially. However, the cost-per-click decreased 8 percent annually and 4 percent sequentially. That didn't seem to phase investors who collectively flocked to Google's stock, sending shares of the company up to an all-time high of $1,007.40.
At present, Google's stock is trading at around $1,000 per share, valuing the company at over $334 billion.