Google profits trigger concerns !!

[NotSober]

Aww poor google !! :td:

Found this while surfing the net..

http://justuploaded.com/index.php?module=item&action=show_item_decr&item_id=1146517

 

[weblord]

that's a bad news. that's the big G feeling it already how much more those little sites compared to it.

 

[shockie]

if i remember correctly, this happened earlier this year too and everyone freaked out and sold their shares, but then very soon after they bounced back. just because google isn't omnipotent doesn't mean that they're still the industry leader with a very sound business.

*sighs*

 

[GILSAN]

I'm quoting from MSN Money:

Google said second-quarter earnings were $1.25 billion, or $3.92 per share, up from $925.1 million, or $2.93 per share, in the same period last year. Excluding items, Google earned $4.63 per share. The results missed analysts' expectations of $4.74. Shares of the Internet giant fell $54.92, or 10.3%, to $478.52 in midday trading.

Two things hit Google: a comment from CEO Eric Schmidt about the "more challenging economic environment," and a 1% drop in the company's paid clicks for search advertisements from the previous quarter. The rate was up 19% from the same period a year ago, but it's down from the 47% growth rate in the second quarter of 2007.

Google had a pretty good quarter. The problem is allways the analysts. They allways predict very high earnings and when those predictions are not exceeded the shares drop. Wait another day or two and you will see shares going up again. Google is allways a good bet.

A 1% drop in paid clicks for search ads is pretty good in the present economic downturn.