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Google Shares Slip After Revenue Warning

Authored by Mark Hefflinger on November 19, 2004 - 4:49am.
Mountain View, Calif. -- Shares of Google slipped about 3% on Thursday after the search engine giant warned that its revenue growth is likely to slow in the fourth quarter. In a filing with the Securities and Exchange Commission, the company said that stiffer competition and an "inevitable" slowdown as the size of its business increases should keep its sequential growth rate below the 15.1% the company experienced from the second to the third quarter. Google also issued a similar warned earlier this week. Google's shares closed down $4.96 to $167.54.
tags: Google | Revenue | Slip | Warnings |