Google Disappoints
by
Scott Martin
on
31 January 2008, 16:43
Categories:
Computers
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General news
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Magazine
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Media
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Internet
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Finance
Topics:
google
,
earnings
It was bound to happen. After gangbuster earnings quarter after quarter, search king Google has finally disappointed Wall Street.
The Internet search juggernaut on Thursday reported profit of $1.2 billion, or $3.79 per share, on $3.39 billion in revenue. That fell short of a Thomson Financial survey of analyst expectations for a profit of $1.43 billion, or $3.91 per share, on revenue of $3.45 billion.
Google shares dropped $41.30, or 7 percent, to $523 in after-hours trading. Shares touched an all-time high of $747 last year.