Google Earnings
Here’s the facts:
Google reported that fourth-quarter profit rose to $204 million, up from $27.3 million in the year-ago period. On a per share basis that is an increase from $0.10 per share to $0.71 per share.
Those figures include compensation expenses and other charges.
Quarterly sales just about doubled from $512M to $1.032 billion.
Now the reality check:
The stock is up for the day, but down relative to the opening price at $215.02 ($204.50 as of 3:30PM eastern time). It’s likely that traders took advantage of the expected earnings strength and unloaded shares.
Let’s see where this stock finds support.
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