Arab Today, arab today google shares dip as earnings fall short
Last Updated : GMT 17:51:52
Arab Today, arab today
Arab Today, arab today

Google shares dip as earnings fall short

Arab Today, arab today

Arab Today, arab today Google shares dip as earnings fall short

New York - AFP

Google shares were down nearly 10 percent in after-hours trading on Thursday after the Internet search giant\'s earnings fell short of the expectations of Wall Street analysts. Google reported a fourth-quarter net profit of $2.71 billion, compared to $2.54 billion in the same quarter a year ago. Quarterly revenue rose 25 percent to $10.58 billion. Earnings per share, however, of $9.50 were below the forecasts of $10.49 and Google shares were down 9.69 percent at $577.60 in after-hours trading. \"Google had a really strong quarter ending a great year,\" chief executive Larry Page said in a statement. \"Full year revenue was up 29 percent, and our quarterly revenue blew past the $10 billion mark for the first time \"I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally -- well over double what I announced just three months ago,\" Page said.

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