Google’s Earnings Miss Expectations

By Matthew Schwartz in briefsNews on July 18, 2008

Google is hardly immune from a lousy economy. Its shares fell 9% by midday Friday after the company’s second-quarter earnings missed analysts’ expectations. Google’s shares fell $48.81, or 9.2%, to $484.63, the first time in three months its shares fell below $500. But no need to take up a collection for Google just yet. The search-engine giant is currently locked in a battle with Microsoft over Yahoo’s ad business.

 

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Matthew Schwartz is Senior Editor of ScribeMedia.org and host of the WebTV series, From Print to Digital.

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