Google Earnings Disappoint; Shares Plunge

Google Inc.'s rapid financial growth decelerated in the fourth quarter as the online search engine leader's profit fell below analyst expectations for the first time since its August 2004 initial public offering. Tuesday's disappointing financial report rattled previously bullish investors, causing Google's stock price to plunge by more than 12 percent in a backlash that wiped out $16 billion in shareholder wealth. Google Earnings Disappoint; Shares Plunge: Financial News - Yahoo! Finance

Linked by shanmuga Tuesday, 31st January 2006 9:22PM