MondayFeb 04, 2008 5:47 pm
The market continued to drive down the share price of internet search goliath Google (NASDAQ: GOOG), which accelerated last week after a near-miss of expected earnings from their earnings report. When the search company reported Thursday, January 31, after the bell, $4.43 per share on revenue of $339 billion, excluding stock given to employees, the market reacted sharply. Estimates had pegged the Google forecast at $4.44 per share, with expected revenue of $345. After-hours trading saw swift punishment for the disliked report, as the stock was taken down from its close of 564.30 to an opening on Friday of 528.67,…
Continue Reading