Pure Overclock – Computer Hardware News, Reviews and More


Google’s Q2 results fall short of expectations

Comments Off on Google’s Q2 results fall short of expectations
Posted July 18, 2008 by admin in News

If not for costs incurred for employee stock compensation, Google said it would have earned $4.63 per share. That figure missed the average earnings estimate of $4.74 per share among analysts surveyed by Thomson Financial.

It marked just the fourth time that Google hasn’t exceeded analyst expectations in its four years as a public company.

Investors expressed their dismay as Google shares plummeted $42.44, or 8 percent, in Thursday’s extended trading after closing at $533.44, down $2.16.

Google’s second-quarter revenue fared slightly better than earnings, rising 39 percent to $5.37 billion from $3.87 billion at the same time last year.

After subtracting commissions paid to its ad partners, Google’s revenue totaled $3.9 billion ? about $30 million above the average analyst estimate.

Find us on Google+