Google stock in a dip

Posted on Wednesday, February 01 2006 @ 20:24 CET by Thomas De Maesschalck

Google's stock opened today at $391.23, $41 lower than yesterday. The reason for the nearly 10 percent drop are Google's fourth quarter profits that fell short of Wall Street analysts's forecasts.

Compared to the same period last year, the company managed to boost its profit with 82 percent but this was lower than what analysts had suspected.

Yesterday in after-hours trading Google's stock had dropped to as much as 19 percent but today it looks like it's recovering a bit. At press time the stock trade at $396.70.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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