Google's 35% Profit Growth Misses Expectations

Google posts a $1.25 billion profit that would thrill most companies, but Wall Street is cringing because it falls short of expectations. Google Chief Economist Hal Varian joins the call to soothe the analysts' fears about online ad weakness. - In a hint that the online advertising market may be in a downslide, Google missed second-quarter earnings estimates with a profit of $1.25 billion and earnings per share of $3.92. Google, which watched shares plummet 10 percent to $479.70 in after-hours trading on the shortfall, reported a profi... view original article
Fri, 18 Jul 2008 00:13:07 +0200

more eWeek - RSS Feeds articles