Filed under: Google (GOOG)

The results released Thursday may heighten investor fears that Google's earnings might suffer because of the company's commitment to hire at least 6,200 workers this year. That would be the most in Google's 13-year history.
The company earned $2.3 billion, or $7.04 per share, in the period ending in March. That was an 18 percent increase from nearly $2 billion, or $6.06 per share, last year.
If not for expenses covering employee stock compensation, Google said it would have earned $8.08 per share. That was below the average estimate of $8.11 per share among analysts surveyed by FactSet.
Revenue was nearly $8.6 billion, a 27 percent increase from last year.
Google's Hiring Spree Weighs on Earnings; Shares Slide originally appeared on BloggingStocks on Thu, 14 Apr 2011 16:26:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments






Full story at http://www.pheedcontent.com/click.phdo?i=4a220e26d6ebe35f419f3cda65fdf049
No comments:
Post a Comment