Google Takes Blow in Profit Margins, Still Beats Wall St. January 23, 2009
Posted by Mark Blei in : Uncategorized , trackbackYesterday Google reported deflated net income for 4Q08: a fall of 68% from the year prior. Revenue grew 28% to $5.7 billion, however, beating Wall Street expectations.
Net income for the quarter ending December 31 was $382 million, or $1.21 per share, compared with $1.2 billion — $3.79 per share — last year. These included one-time charges of $1.1 billion, accounting for the plummeting value of Google’s investments in Clearwire, a wireless broadband provider, and AOL.
Read The Rest—–>Google Takes Blow in Profit Margins, Still Beats Wall St.
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