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?
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Google set to fall on profit miss
Started by
Neon
, Feb 01 2006 03:28 PM
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