Friday January 20, 2012

Google Disappoints With 4th Quarter Revenue

It amazes me how, just because analysts expected more, your stock can drop like a rock because revenue was only up 25% for the quarter and 29% for the year. roll eyes (sarcastic)

Despite economic worries in Europe, Google was still expected to post strong earnings today, but the Mountain View, Calif.-based enterprise didn’t hold up to estimates and stock prices plummeted after hours. Google reported fourth-quarter net income of $2.71 billion, or $8.22 a share (statement). Non-GAAP earnings were $9.50 a share on a revenue of $10.58 billion (including traffic acquisition costs) آ— a 25 percent increase compared to the fourth quarter of 2010.