Google misses revenue target
Google has missed Wall Street revenue estimates, despite reporting a 27 per cent rise, causing shares to tumble.
The firm has said its shares fell ten per cent in after-hours trading to $575 (£371), once it had reported three-month revenues of $10.6 billion. Its net profit rose to $2.7 billion, an increase of 6.4 billion.
"Google had a really strong quarter ending a great year," said chief executive Larry Page.
Microsoft meanwhile posted flat earnings of $6.62 billion in the same quarter, seeing strong business demand for software and services.
Speaking to BBC Radio 5 live, Graham Palmer, head of Intel, said that the merging PC market was seeing strong growth.
The world's largest chipmaker revealed net profits for the last three months of 2011 to be $3.4 billion, an increase of six per cent. This was despite floods in Thailand affecting parts supply.
20 January 2012, 15:04
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23/01/2012
almost worth buying shares online. Google's price is going to trend up, look at how much they made!