Google Q4 Report Fails Investors Expectations
Looks like Google hasn’t done as well as expected even with the release of their Nexus One, as an article over on this is London reports that Google’s fourth quarter report has failed to satisfy investor’s demands for stronger growth even after the quarter was Google best performance in the year.
Word is Google shared have dropped some 4% after they posted a higher than expected profit however their revenue growth fell behind some of Wall Street’s expectations, and the results didn’t ‘raise the roof.’
Janco Partners analyst, Martin Pyykkonen said he thinks the stock will recover and doesn’t believe it will fall through the floor.
Although Google total revenue rose some 17% in a year to hit $6.67 billion, the company’s issues with China has troubled stock which fell roughly 12% after hitting a 52 week high this month.