Search giant Google released its first quarter earnings report this afternoon, but unfortunately for new CEO Larry Page, the company didn’t quite repeat past performances. Google failed to meet analysts’ estimates in at least one respect, and investors are now…
Google’s announced its financial results for the first quarter of 2010, and as usual, the search giant hit most of the targets analysts had established for it. Investors have not taken the news well, however, sending Google’s stock down 4.51 so far percent in after-hours trading.
Investors and online advertising experts may want to consider for a moment what, exactly, has contributed to Google’s stupendous financial success (current market cap: $180 billion). Now consider this: Google thinks mobile ad rates might surpass what’s come to be deemed the industry standard.
Patrick Pichette joined Google as its CFO on August 12, 2008, and since then, he’s seen the company through both good times (a stock price of $620 per share) and bad (try $262). So Google fans should find it comforting that Pichette, with his range of experience, has said the company’s doing quite well again.