GOOG: Buy on the news, sell on the rumor
April 15, 2010 by admin · Comments Off
Not just Google stock.
Guess that’s what is happening to GOOG in after hours trading. The stock was up $6.30 during the regular trading day … and down $27.02 in after hours trading as of this writing.
Reading the news, sounds like investors are leery of Google’s increase in spending, notably adding almost 800 employees during the quarter.
For those that care about the facts, quarterly revenue was up about 23% to 6.78B, earnings came in at ~$2B (~$6.06 / share). That puts the PE ratio at a lofty 94.
