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SAN FRANCISCO (AFX) -- Google Inc. stock climbed rapidly in dizzying evening
trade Thursday, after the company reported an increase in both earnings and
revenue, while SanDisk Corp. shares skyrocketed on third-quarter growth figures.
The Nasdaq-100 After Hours Indicator, which tracks the evening action of the
technology-heavy index's leading shares, was up 7.56 points to 1563.15.
Shares of Google climbed more than 10% to $334.11 in brisk evening trade
after the company said net income rose more than sevenfold to $381 million.
Excluding certain charges, Google earned $437 million, or $1.50 a share, topping
analysts' surveyed by Thomson First Call estimates of $1.37, on revenue of $1.58
billion.
Shares of SanDisk surged 18% to $54.70 at last check after the company
reported a third-quarter profit of $107.5 million, or 55 cents a share, on
revenue of $590 million. The flash memory developer beat analyst estimates of 35
cents a share on $524 million in revenue.
Broadcom Corp. shares gained 5% to $46.50 at last check after the wireless
chip maker reported net income of $132.7 million, or 35 cents a share, higher
than $43.9 million, or 13 cents a share, in the same period last year. Revenue
climbed 7.5% to $695 million, outrunning Wall Street's estimate of $665 million.
Shares of Tempur-Pedic International Inc. lurched ahead 9% to $11.00 after
the company reported third-quarter net earnings of $17.4 million, or 17 cents a
share on revenue of $206.1 million. Analysts had estimated