http://thestreet.com/tech/internet/10265459.html
Seems like Google missed their revenue expectations by a good long way...
Quote:
The Mountain View, Calif., company made $372 million, or $1.22 a share, up from the year-ago $204 million, or 71 cents a share.
More important, the search giant put its non-GAAP earnings for the quarter ended Dec. 31 at $1.54 a share. Analysts surveyed by Thomson First Call were looking for $1.76. Net revenue, excluding the money Google shares with partners, was in line with estimates at $1.29 billion.
One surprise came on the tax line, where Gooogle had guided for 30% but came in at 31.6% for the year and 41.8% for the latest quarter. The company cited a rise in costs internationally.
|
Revenue increase but not as much as expected, and expenses (especially taxes) are way up.
Not everything is perfect at googleplex, apparently.
Alex