Google Announces Q2 Earnings And Stock Plummets

Nik Cubrilovic

Nik Cubrilovic (koo-bree-low-vick) is an Australian-born entrepreneur, technologist, software developer and blogger. Nik has been a writer and advisor to Techcrunch since 2005, is a founding editor of TechcrunchIT, and is currently working at Techcrunch and on the Crunchpad project. Nik is the founder and CEO of Omnidrive, a web content and storage platform. Nik was also the founder... → Learn More

Thursday, July 17th, 2008

Google announced their Q2 results today after the market had closed. Shares are down by as much as 12% as earnings growth reported was below analysts expectations. Net income for the quarter was $1.25B, up from $925M. The company reported a profit of $4.63 per share, which was slightly below the $4.72 average expectation from Wall Street analysts.

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