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Google (GOOG) Leaves Ests in the Dust

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October 17, 2008 |Comments: 0
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GOOG

Google (GOOG) silenced the Doubting Thomases on Thursday with third quarter numbers that left analysts’ estimates lagging miles behind. The tech stock’s net income for the quarter has gone up 26% to $1.35 billion, or $4.24 a share, from $1.07 billion, or $3.38, in the corresponding quarter last year. Eliminating costs like stock-based compensation, the profit mark stood at $4.92 a share, comprehensively ahead of analysts’ estimate of $ 4.44 a share.

The stock is up 7.11% and trading at $378.13 on Friday. Google, too, has not been spared of the lashing meted out to other stocks, having lost around 49% of its worth till today.


Read the full analyst report on GOOG

 
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