Google's profit falls short, shares drop

[rakib]

Google Inc.'s earnings growth decelerated dramatically in the second quarter as the Internet search leader spent more money hiring new employees and acquiring online content, jolting investors who had been betting on higher profits.

For most companies, the 28 percent earnings increase Google reported Thursday would be a cause for celebration. But the Mountain View-based company's quarterly profits had never before improved by less than 60 percent, so Wall Street viewed Google's latest results as a major letdown.

The distress caused Google shares to plunge more than 7 percent.

Details story at Google's profit falls short, shares drop - Yahoo! News

 

[temi]

Thanks for this infomation Rakib

 

[TeamPlayer]

Short term it`s not brilliant (by THEIR standards that is), but longer term of course they must remain one of the best bets around.

 

[temi]

Their pace of growth has been crazy, it cannot go on like that forever, I actually see a drop in their share prices etc in the longer term.

If Yahoo or MS come up with a very good alternative to AdSense, Google revenue will drop big time