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 GOOG going back to $250 soon |
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GOOG going back to $250 soon -- BigSwingingD - (436 Byte) 2006-2-01 周三, 06:25 (1599 reads) |
NYCFUND
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加入时间: 2005/06/08
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作者：NYCFUND 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Google Shares Plunge
On Disappointing Results
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
January 31, 2006 5:25 p.m.
Google Inc., which has awed Wall Street with its outsized growth, rattled investors Tuesday by posting disappointing fourth-quarter results.
The Web search giant, whose shares have quadrupled since its 2004 initial public offering and flirted with $500 earlier this year, plunged as much as 19% in volatile after-hours trading. The stock was recently down $65.34, or 15%, to $367.32 on the Inet electronic-trading network.
The Mountain View, Calif., company posted net income of $372.2 million, or $1.22 a share, compared with $204.1 million, or 71 cents a share, in the same quarter last year.
Excluding a donation to launch its charitable foundation and stock compensation expenses, Google said it earned $469 million, or $1.54 a share. Analysts surveyed by Thomson First Call were expecting earnings of $1.76, excluding stock option expenses.
Google's tax rate was higher than expected in the fourth quarter, contributing to the earnings shortfall. Executives said the higher tax rate was the result of having a greater amount of its revenue for the year taxed at a higher domestic rate, rather than taxed at overseas rates.
Revenue was $1.92 billion, up from $1.03 billion in the year-earlier period. Excluding commissions Google pays to advertising partners, known as traffic acquisition costs, revenue was $1.29 billion, up from $652 million a year earlier.
On that basis, Google's revenue roughly matched consensus analysts' expectations. In each of its previous five quarters as a public company, Google has surpassed Wall Street's revenue estimates.
In a teleconference, Chief Financial Officer George Reyes said revenue in the fourth quarter was affected by unfavorable foreign exchange rates and some softness in its international operations, including the U.K.
Google dominance in the online search marketplace has shown no signs of diminishing: the company's share of searches grew from 45.7% to 46.3% from June to November 2005, according to Nielsen/NetRatings. But rivals like Yahoo Inc. and Microsoft Corp.'s MSN unit are eager to expand their share of the online advertising pie. Last month, Google beat back efforts by both companies, expanding its partnership with Time Warner Inc.'s America Online. Under the deal, Google agreed to pay $1 billion for a 5% stake in AOL; and AOL will continue to use Google's search technology and share ad revenue with Google.
Earlier Tuesday, there were rumors Google might be in acquisition talks with online music service Napster Inc. However, Google later denied those rumors.
作者：NYCFUND 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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