Google, the "can-do-no-wrong" company is watching it's stock get h ammered today after it announced pre-tax profits for the second quarter of 2008, which jumped 35% year on year to $1.25bn, but failed to meet analysts' expectations, sending its share price down by as much as 12% last night with further falls today.The internet giant's profits for the quarter ending June 30, decreased 5% from the first quarter of the year when they stood at $1.31bn. Excluding certain expenses, Google shareholders would have earned $4.63 a share, missing the average analyst estimate of $4.74 per share. All this being caused by lowered ad sales. All this does not auger well for the entire digital space!
.
It might not be that bad!
Hahaha cruing baby photo is the best part of this article.
Posted by: Andrew Hudson | July 21, 2008 10:39 AM | Permalink to Comment