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Google set to fall on profit miss


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#1 Neon

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Posted 01 February 2006 - 03:28 PM

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?

#2 ShadowFox

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Posted 01 February 2006 - 11:25 PM

that's sad <_< but it's better than loosing more money!

#3 Neon

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Posted 02 February 2006 - 05:52 PM

i think Google lost with the chinese thing




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