Google Shares Drop After Disappointing Quarterly Results
Google shares plunged yesterday after the company reported Q4 2011 results that fell short of market expectations. Although Google posted a 27% year-over-year increase in revenue, its stock dropped about 10% on the news. For the final quarter of 2011, revenue reached $10.6 billion, while net profit rose 6.4% to $2.7 billion. In contrast, Microsoft … Read more