Internet search company Google is set for a rough stock market ride on Wednesday after its 82% surge in profit failed to meet Wall Street's forecasts.
Net income in the last three months of 2005 rose to $372.2m (£209m) from $204.10m a year earlier, lifted by a strong demand for online advertising.
That works out at $1.22 per share, well below the $1.50 expected by analysts.
The results will fuel concerns that Google's shares are overvalued and the stock tumbled in after hours trading.
So, do you think this was expected?
Google set to fall on profit miss
Started by
Neon
, Feb 01 2006 03:28 PM
2 replies to this topic
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users











