Google disappoints with 4th quarter earnings

Is the Google financial juggernaut starting to sputter? The Internet giant reported fourth-quarter earnings per share Thursday, excluding stock-option expenses, of $4.43–a penny shy of analysts’ estimates. Including stock expenses of $245 million, the Mountain View, Calif., company reported earnings per share of $3.79. Growth Still Strong, Google Says
Google said it has seen no effect from a slowing economy on its advertising business, as it reported a 17 percent jump in profit and a 51 percent growth in revenue in the fourth quarter.The result represents a slowdown in Google’s growth rate and fell shy of expectations. The company said it remained bullish about its business, regardless of the outlook for the overall economy.’s earnings up but just shy of expectations
Despite some market concerns over Google’s growth potential in a slowing economy, the search giant continues to report strong growth, with fourth-quarter revenue up 51 percent over the same period the year before.

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