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Google's Big Gains Fall Short of Expectations

Authored by Mark Hefflinger on January 31, 2006 - 7:26am.
Mountain View, Calif. - Despite sharp gains in both revenue and net income, shares of Google fell as much as 19% in after-hours trading Tuesday after the search giant reported quarterly results that fell short of lofty Wall Street expectations. Excluding one-time items, the company posted net income $469 million, or $1.54 a share, up from $204.1 million, or $0.71 a share, during the same period a year ago. Analysts surveyed by Thomson First Call, however, had predicted earnings per share of $1.76. Revenue came in at $1.92 billion, nearly double the amount of a year ago, but only matched expectations after topping them for each of the previous five quarters since its IPO.
tags: Google | Expectation | Fall Short |