What do Google 4Q 2008 Results say?

January 28, 2009 by MyOrbit · Leave a Comment
Filed under: Business, Internet, Money & Finance 

Google 4Q results tops analyst views. BUT Quarterly profit at Google Inc. fell for the first time, although the performance was better than analysts anticipated.

The results released on Thursday indicated the company was able to rein in its free-spending ways enough to offset a slowdown in the online ad market that generates most of the revenue. That contrasted with a missed forecast and 5,000 layoffs announced earlier in the day by rival Microsoft.

If not for employee stock compensation costs and a charge to account for deteriorating investments, Google said it would have made $5.10 per share. That beat the average estimate of $4.95 per share among analysts polled by Thomson Reuters.

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