Google Shares Fall on 4Q Revenue Warning
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Shares of Google Inc. slipped in pre-market trading Thursday after the world's most popular Internet search engine warned for the second time in a week that its fourth-quarter revenue growth rate is likely to slow from previous quarters.
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Google Inc.'s fourth-quarter profit missed analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.
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Shares of Google Inc. GOOG.O  fell nearly 7 percent on Tuesday, as selling restrictions were  lifted on 39 million shares held by employees and early  investors in the newly public Web search company.
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Google lowers the price range of its planned share sale to $85-$95, as it awaits approval from regulators.
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Institutional Shareholder Services has given Google a lower corporate governance rating than any company in the Standard &amp; Poor&#39;s 500 index.
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Internet search engine Google has announced it will go public at $85 a share, paving the way for the widely awaited but troubled stock offering to finally stumble to market on Thursday.
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Google Lowers IPO Price, Limits Shares  Google's IPO wasn't as popular as expected, apparently not as many fish bit at the Dutch Auction bait.  Google will be lowering its estimated price range to between $85 and $95 per share, down from its earlier prediction of $108 and $135 per share ...
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Despite some market concerns over Google&#39;s growth potential in a slowing economy, the search giant continues to report strong growth, with fourth-quarter revenue up 51 percent over the same period the year before.Google reported revenue of $4.83 billion for the quarter ending Dec. 31 using GAAP (generally accepted accounting principles). Net income for the period was $1.21 billion, compared to $1.01 billion in the third quarter of 2007.With earnings per share of $4.43, Google just missed analyst consensus of $4.44 on a non-GAAP basis, as polled by First Call.Google continues to increase revenue from outside the United States, reporting that 48 percent of total revenue in the quarter came from international markets. That&#39;s up from 44 percent in the same period a year earlier but the same as the third-quarter 2007.In a statement, Google&#39;s CEO Eric Schmidt said that the report reflects strong momentum in the company&#39;s core business as well as a growing receptivity to its new businesses.
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WASHINGTON - Hugely popular internet search engine Google Inc. cautioned Thursday its current pace of revenue growth is expected to slow.
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Google said that its profit jumped 17 percent in the fourth quarter, but the earnings fell short of analystsâ expectations, and the companyâs shares fell after hours.
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Google Inc.'s  strong revenue growth prompted analysts to raise targets for the share on Thursday, but a drop in the stock showed that some investors question its potential for further rises in the near term.
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NEW YORK Falling profit forecasts from Google and Applied Materials sent technology stocks falling Tuesday while a US government report on another drop in unemployment claims help buoy other markets.
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NEW YORK/SAN FRANCISCO  - Google Inc. on Wednesday  said it priced its long-awaited initial public offering at $85  per share, far below initial expectations, ending a tumultuous  process beset by poor market conditions and a series of  missteps.
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NEW YORK (CBS.MW) - Google said its revenue growth rate from the second to the third quarter of 2004 may not be sustainable into the fourth quarter of this year.
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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.
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SAN FRANCISCO: Shares of Google Inc fell as much as 6.5 per cent overnight, as selling restrictions were lifted on 39 million shares held by employees and early investors in the newly public web search company.
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The companyâs shares plunged 15.9 percent to a nearly four-year low of $10.36 in morning trading after its net profit fell 84 percent in the fourth quarter.