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Google just released its fourth-quarter 2011 results, and man, Wall Street is not pleased. The company reported earnings of $9.50 per share and revenue of $8.13 billion – less than the $10.49 per share and $8.40 billion financial analysts were expecting. Of course, the company spun its results the best it could, emphasizing that it exceeded $10 billion in quarterly revenue for the first time (it hit $10.58 billion, to be exact). Still, that figure doesn’t reflect the myriad costs associated with growing its web traffic. Needless to say, investors aren’t impressed – as of this writing, the company’s stock was down almost nine percent in after-hours trading.
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Google’s Q4 net revenue totals $8.13 billion, Wall Street disappointed originally appeared on Engadget on Thu, 19 Jan 2012 16:35:00 EDT. Please see our terms for use of feeds.
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