Google’s EPS & Shares Down, Recession In Full Swing
It looks like Yahoo is not the only one with declining numbers these days. Google, the ever-expanding big-brother of online search announced that revenue and profits for Q4 rose, however the figures did not live up to Wall Street’s expectations. Share went down almost 10% in after-market trading on Thursday.
Net earnings came out to $1.21 billion ($3.79 a share) compared to $1 billion ($3.29 a share) a year ago. Net revenue for the firm came in at $3.39 billion, as opposed to the $3.45 billion estimation. Total gross revenue rose 51% to $4.83 billion down from 57% in Q3 and 58% in Q2. This fall offsets some of the judgment surrounding the fall in Yahoo’s stock reported this week. The recession is in full swing and although some may feel it harder at first then others, the evidence is all around us that no one, not even big bad Google is safe.
Shares of the company have dropped about 18% so far this year, closing at $564.30. This comes after hitting a record of $747.24 in November. The firm has a 56.3% market share for online search in the U.S. which is over three times Yahoo’s 17.7% and MSN’s 13.8%, Nielson Online reports.
Reader Comments.
Buy, Buy, Buy, Google is the real deal and their value grows daily.
Interestingly enough they blame their most recent quarterly loss in earnings on the changes that they have made to their sponsored listings, whereby they have decreased the size of the listings so that consumers are less apt to mistakenly click on an advertisement.
I find it humorous that after 2 back to back Q’s where they have been alienating their publisher base with borderline facist policies regarding NoFollow tags, Ad Placements, and “Quality Control” they are starting to reap what they sow.
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