Google's revenues leapt 24 per cent during the second quarter, and profits rose 24 per cent as well. But that wasn't enough to satisfy the Wall Street guessmen. Mountain View raked in $5.09bn during the quarter ending June 30, up from $4bn in last year's Q2, while income rose to $1.84bn, up from $1.48bn. "Everyone read the …
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"But if you exclude certain costs, the company's earnings translated to $6.45 per share, slightly below the $6.52 a share expected by analysts polled by Thomson Reuters. Google shares dropped more than four per cent in after hours trading."
So analysts whinge over a seven cent difference in order to get twenty nine cents slashed off the price of said shares? I see Wall Street is every bit as clean and honest as before they nearly slammed us all into the ground...
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