Google Shares Plunge Earnings Disappointment (FT)

[katty]

cont'd:

http://news.ft.com/cms/s/c7108d38-929e-11da-977b-0000779e2340.html

Google shares plunge as earnings disappoint
By Richard Waters in San Francisco
Published: January 31 2006 21:31 | Last updated: January 31 2006 23:14

A sudden chill fell on Google's red-hot share price on Tuesday as the stock market's latest internet darling unveiled earnings that for the first time failed to far exceed Wall Street expectations.

The search engine company's shares slumped by more than 16 per cent in after-hours trading, wiping more than $20bn from its stock market value.

Despite the sense of disappointment on Wall Street, Google still met most analysts' official forecasts for revenues and pre-tax earnings in the final quarter of last year. However, with investors accustomed to the company blowing away such predictions, the latest results represented the first big earnings disappointment that the company has issued. In its previous five quarterly earnings reports as a public company, Google's revenues beat estimates by between 6-15 per cent.

[HillDem]

1. Whatever

I bought GOOG at 120.

[The_Casual_Observer]

2. Google is essentially bogus. They produce nothing of value

and their "service" is available in many forms elsewhere. It's pure tulip bulb/pets.com/homegrocer.com bullshit.

[bemildred]

3. With a P/E around 95, you have to expect a bit of volatility ... nt

[LaurenG]

4. And they ALLOW the administration to search their databases

Maybe even the republicans are pissed at that too. I would love to see that "curtain" they are ALL behind totally removed. (A bit off topic but thats why I'm unhappy with google and figure with a little luck it will eventually catch up with all of them).

[flashdebadge]

5. To heck with google. They caved to censored searches (eom)

[OffWithTheirHeads]

6. Uhh, check your facts

They just reported a two dollar and change per share dividend on extraordinary earnings.