Google Earnings Disappoint, Shares Plunge Over 50 Points In After Hours Trading

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Google Earnings Disappoint, Shares Plunge Over 50 Points In After Hours Trading

02-01-2006, 09:18 AM,

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mandy Offline

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Google Earnings Disappoint, Shares Plunge Over 50 Points In After Hours Trading

Google shares plunged over 50 points in after hours trading after the company released below expectations 4th quarter earnings.

Quote:Google's honeymoon with the stock market took a breather on Tuesday as the search giant missed earnings expectations for the first time since it went public in 2004, sending its stock price into an after-hours trading spiral.

The company posted fourth-quarter earnings that missed analyst estimates, although revenue, at $1.29 billion, rose from the same period a year ago and was in line with expectations.

Excluding traffic acquisition costs, or fees paid to partners, the company's revenue was $1.92 billion, up 86 percent from a year ago

full article: http://news.com.com/Google+stumbles+with...=nefd.lede

Google related topic Smile

US Congress to Hold Hearings on Google's Collaboration With Chinese Government's Censors http://community.tuliptools.com/index.ph...159.0.html

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