Google shares sink after profits miss expectations

Iria · Jul 18, 2008, 03:43 AM

Shares of Google sank nearly $41 after profits rose slower than expected in the second quarter. The company earned $1.25 billion profit which was 35% higher than the same period last year, but investors weren’t impressed. In after hours trading, Google is currently down $40.75 to $492.69 a share (as of 4:45 PM Pacific). Company executives place some of the blame on the economy, while some analysts believe the company spent too much money on research.
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Source: TG Daily

caqde · Jul 18, 2008, 08:17 AM

WTF thats all I have to say....

Jul 18, 2008, 03:43 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Google shares sink after profits miss expectations Shares of Google sank nearly $41 after profits rose slower than expected in the second quarter. The company earned $1.25 billion profit which was 35% higher than the same period last year, but investors weren’t impressed. In after hours trading, Google is currently down $40.75 to $492.69 a share (as of 4:45 PM Pacific). Company executives place some of the blame on the economy, while some analysts believe the company spent too much money on research. ______________ Source: TG Daily

Jul 18, 2008, 08:17 AM	#2
caqde HardwareHeaven Senior Member Join Date: Oct 2002 Location: US, IL Posts: 505 Rep Power: 66 System Specs	WTF thats all I have to say.... __________________ AMD Phenom II X4 925 AM3/ Giga-byte MA790XT-UD4P XFX HD5770 1GB / 2x8GB of Geil DDR3 12800 10-10-10-28 Samsung SH-S182D DVD-RW drive / Sony Optiarc BD-5300S BD-RW drive Western Digital WD1501FASS(Primary)/Western Digital 15EADS(Secondary)/Western Digital 7500AACS(Secondary)/Seagate Barracuda 7200.10 320gb(Secondary) Antec TP-550 / CoolerMaster CMStacker Sound Blaster X-FI Titanium Fatal1ty Professional / Creative Inspire 6600 6.1 speakers Samsugn T200HD 20" LCD Monitor / Logitech Internet 350 Black Keyboard Logitech MX510 Mouse