Google Earnings Disappoint Again
This is getting to be a bad habit.
Google stock price is down $40 as of this writing to $538.13. Google announced earnings of $8.08 per share. In the fickle world of the stock market missing the $8.11 for a high flying stock like Google can be the kiss of death (see today’s stock price for proof).
Who cares if revenue is up 17% versus the same time period last year or that heavy spending on new hires occurred.
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