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February 01, 2007
Filed Under (Google) by Matt / Derick on 02-01-2007
Google reported on its Q4 and yearly financial outcomes yesterday. It should come as no surprise that the company had some impressive numbers to report. I'll share some of them in a minute. Of more interest to me was a MercuryNews.com article talking about the reaction from Wall Street to Google's numbers. Even though the company beat their expectations, investors seemed to be disappointed by the company's incredible growth. How do we know that? Easy! After the financial results were posted, Google's stock price fell. In fact, at close yesterday the stock was priced at $501. At the time of this writing it has fallen to $489. It'll mostly like go back up. But as the Mercury News says, investor reaction seems to paint a picture of disappointment and unmet expectations. But what can you really expect? The company has been shocking Wall Street senseless quarter after quarter. Eventually, that had to come to an end. Martin Pyykkonen, an analyst at Global Crown Capital, told the Mercury News that over time, Wall Street has gotten better at predicting the numbers likely to come out of the Googleplex and that was good for the stability of a stock. In fact, he went on to say that "the days of massive gains from Google stock are over." Despite Wall Street reactions, Google had some great numbers to present:
View the official results report from Google
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