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Google has their hands in just about everything these days. Whether it’s robots, flying drones, or 3D mapping smartphones — it’s clear Google isn’t content with being only your default search engine. The internet search giant revealed their Q1 2014 earnings, raking in $15.4 billion in revenue, a 19% increase over the previous year’s $12.95 billion.
Google’s site revenues saw an increase of 21% over the previous year, hitting $10.47 billion. Still, Google managed to miss analyst estimates, resulting in a 5% drop in stocks following their earnings report. For more details on Google’s financial performance for the first quarter of 2014, hit up their Investor Relations page below.
[Google]
So they do 19% better than last year for almost three billion more, but it still causes a stock drop? Me thinks analysts are more damaging than good.
same thing happened with samsung and apple
Seems like the Analysts were wanting these companies to fall short and cause a stock price drop.
Im buying more tomorrow if the price falls further.