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January 31, 2007
GOOG Report In With Little Upside
Google reported revenue was in line and profits were a bit better than expectations. Quarterly revenue was $3.21B, or $2.234B after traffic acquisition costs. EPS was $3.29. The Street has been looking for revenues of $2.2B.
The earlier reaction: the stock is gyrating but below the regular session closing price; that could change once the company conference call starts in about 10 minutes. As I write this, the stock is down $13.25 after hours at $488.25. In the regular session, the stock rose $7.18 but then fell after the report.
Posted by Paul at January 31, 2007 09:44 PM
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