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SAN FRANCISCO -- Google Inc.'s second-quarter profit climbed 28 percent, but it wasn't enough to fulfill Wall Street's high expectations for the Internet's search leader.
Investors quickly expressed their dismay, causing Google shares to plunge by nearly 8 percent after the results were released Thursday.
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Google's Profit Falls Short,of Wall Street Expectations: Shares Drop
News Type: Event — Seeded on Thu Jul 19, 2007 8:15 PM EDT
Article Source: The Washington Post
 | Google Profit Trails Analyst Estimates; Shares Slide | Bloomberg.com | Thu Jul 19 | 1 |
| Street prepares for Yahoo and Google earnings - Jul. 16, 2007 | CNN | Tue Jul 17 | 0 |
| Google Reports Earnings, Questions Loom | metue.com | Fri Jul 20 | 0 |
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If not for costs associated with employee stock compensation, Google said it would have earned $3.56 per share. That figure missed the average analyst estimate of $3.59 per share among analysts polled by Thomson Financial.
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- 1 vote
#1 - Thu Jul 19, 2007 8:15 PM EDT{"canLink":false,"threadId":"127636","isPrivate":false}
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