Town Square

Post a New Topic

Google profits up, stock price down

Original post made by googleWatch, News on Mountain View's largest employer, on Apr 16, 2010

Google's revenue rose 37 percent to $1.96 billion this quarter compared to a year ago, but that wasn't good enough for Wall Street, where it's stock price fell 4.8 percent yesterday.

Analysts [Web Link reportedly predicted better performance] from the search engine giant partly because Intel, a barometer for the tech industry, predicts record sales this year.

The increase in profits came in part from an increase in online advertising revenue with paid clicks increasing by 5 percent compared to last quarter and 15 percent over a year ago. However, it's share of the search engine market decreased from 65.5 percent to 65.1 percent this quarter in the face of competition from Yahoo and Microsoft.

Google's stock price has gone from $4.49 a share a year ago to $6.06 this year.

Analysts are recommending against buying Google stock reportedly because, with profits unexpectedly low, it appears to have veered too far from recession belt tightening as it adds staff and makes acquisitions this year.

Comments (1)

Like this comment
Posted by Oops
a resident of Old Mountain View
on Apr 20, 2010 at 4:27 pm

"Google's stock price has gone from $4.49 a share a year ago to $6.06 this year."

Uh . . . Never mind that $4.49 to $6.06 is an increase in price, not a drop. Google's stock closed at $555.04 today (4/20/10).


Sorry, but further commenting on this topic has been closed.

Nobu Palo Alto eyes next-door expansion
By Elena Kadvany | 4 comments | 3,067 views

Are We Really Up To This?
By Aldis Petriceks | 3 comments | 1,656 views

Couples: Cultivate Love, Gottman Style
By Chandrama Anderson | 1 comment | 450 views

 

Top restaurants to check out

Mountain View Voice readers have officially decided. See which local restaurants and businesses can now claim the title — Best Of Mountain View 2017.

View Winners