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Google Shares Plummet on Disappointing Earnings Report

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por Barra » 19/7/2007 23:07

19 Jul 2007 22:22 GMT


Google's profit falls short, shares drop
SAN FRANCISCO (AP) - Google Inc.'s second-quarter profit climbed 28 percent, but it wasn't enough to fulfill Wall Street's high expectations for the Internet's search leader.

Investors quickly expressed their dismay, causing Google shares to plunge by nearly 8 percent after the results were released Thursday.

The Mountain View-based company earned $925.1 million, or $2.93 per share, during the three months ended in June. That compared with net income of $721.1 million, or $2.33 per share, at the same time last year.

If not for costs associated with employee stock compensation, Google said it would have earned $3.56 per share. That figure missed the average analyst estimate of $3.59 per share among analysts polled by Thomson Financial.

Revenue for the period totaled $3.87 billion, a 58 percent increase from $2.46 billion at the same time last year.

After subtracting commissions paid to its advertising partners, Google's revenue was $2.72 billion -- about $40 million above analyst projections.

But the quarter's bottom line raised concerns that the rapid growth propelling Google's lofty stock price is slowing more dramatically than analysts thought.

The second quarter represented the first time that Google's year-over-year profit hasn't improved by at least 60 percent since the company went public in August 2004. What's more, it's just the second time Google's earnings have fallen below analyst estimates in its 12 quarters as a public company.

Google's track record had many investors taking another blowout quarter for granted. The anticipation lifted the company stock price by 10 percent since the end of May. Most of those recent gains evaporated Thursday as Google shares plummeted $43.10, or 7.9 percent, in extended trading. The stock ended Thursday's regular session at $548.59.

Despite the earnings letdown, Google Chairman Eric Schmidt told analysts in a conference call that he was pleased with the company's performance, particularly its revenue growth and increased traffic on its Web site.

Echoing a familiar theme, Schmidt said Google relinquished some of its profit to invest in more computing power and hire more employees. The company's capital expenditures totaled $575 million in the quarter, down 17 percent from the same time last year. Meanwhile, Google hired 1,548 additional employees during the quarter compared with the 1,152 workers it added last year.

Schmidt indicated Google may not hire as briskly in future quarters, saying the company intended to be more "careful" about adding employees. Google ended June with 13,786 employees, a 74 percent increase during the past year.

"When I look at the quarter, we are very pleased with what we delivered," Schmidt said.

Google fared far better than one of its biggest rivals, Yahoo Inc., which runs the second most popular search engine largest ad network behind Google. Yahoo's profit dipped 2 percent in the second quarter while revenue increased by 8 percent.
 
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por Barra » 19/7/2007 21:37

Estes dizem que superou as estimativas. OK, pronto. Já não entendo nada disto. Uns a dizer que subiu, mas ficou abaixo do esperado, outros dizem que supera.

Afinal as expectativas é que têm de ter mais consistência e não os resultados. Vá lá uma pessoa entender estes analistas. Se é que eles percebem o que dizem.

Ana Luísa Marques
anamarques@mediafin.pt


Os lucros do Google subiram 28% no segundo trimestre do ano, superando as previsões dos analistas. As vendas do motor de busca norte-americano cresceram 63% para os 2,72 mil milhões de dólares.

No segundo trimestre do ano, o resultado líquido do Google subiu 28% para os 925,1 milhões de dólares (670,4 milhões de euros), ou 2,93 dólares por acção. No mesmo período do ano passado, os lucros da empresa norte-americana tinham ficado nos 721,1 milhões de dólares, ou 2,33 dólares por acção.

O resultado trimestral do Google superou as estimativas dos analistas contactados pela Bloomberg. Em 10 dos últimos 11 trimestres, a empresa conseguiu sempre superar as previsões dos analistas.

As acções do Google recuam 0,17% para os 548,59 dólares.
 
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por tek » 19/7/2007 21:36

em português:
Ana Luísa Marques
anamarques@mediafin.pt


Os lucros do Google subiram 28% no segundo trimestre do ano, superando as previsões dos analistas. As vendas do motor de busca norte-americano cresceram 63% para os 2,72 mil milhões de dólares.

No segundo trimestre do ano, o resultado líquido do Google subiu 28% para os 925,1 milhões de dólares (670,4 milhões de euros), ou 2,93 dólares por acção. No mesmo período do ano passado, os lucros da empresa norte-americana tinham ficado nos 721,1 milhões de dólares, ou 2,33 dólares por acção.

O resultado trimestral do Google superou as estimativas dos analistas contactados pela Bloomberg. Em 10 dos últimos 11 trimestres, a empresa conseguiu sempre superar as previsões dos analistas.

As acções do Google recuam 0,17% para os 548,59 dólares.
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por Barra » 19/7/2007 20:48

Acho que o mesmo se vai passar com os resultados que ainda estão para saír de outras cotadas, ou seja,
serão bons, mas insuficientes para a fasquía que os analistas os colocam.

Isso significa que as empresas continuam saudáveis, mas só se repercutirá nas cotações mais tarde. O bull será menos inclinado por agora
 
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Google Shares Plummet on Disappointing Earnings Report

por Keyser Soze » 19/7/2007 20:33

Google Shares Plummet on Disappointing Earnings Report
By CNBC.com | 19 Jul 2007 | 04:36 PM ET
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Google posted a 28 percent rise in second-quarter profit after markets closed Thursday, but fell short of consensus expectations -- despite rapid international growth and market share gains.


[GOOG 548.59 -0.91 (-0.17%) ] shares slipped roughly 7% in after-hours trading.

Second-quarter net income rose to $925 million, or $2.93 per diluted share, compared with the year-ago quarter's $721.1 million, or $2.33 per share. Analysts surveyed by Thomson Financial had predicted quarterly earnings per share of $3.59, on revenue of $2.683 billion.

The second quarter net income figures constituted a drop from the $1 billion reported in the first quarter of 2007.

Gross revenue rose 58 percent to $3.87 billion -- matching Wall Street's consensus forecast.

As a matter of policy, Google declines to provide financial guidance to Wall Street.


http://finance.google.com/finance?q=goog
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