Benefits of Google rose less than expected during the period from April to June, raising concerns of slowdown in online advertising market.
Internet giant announced a 35% increase in second quarter net profit of U.S. $ 1.25bn (£ 626m) - slightly below forecasts.
The company said that his company was good, despite the difficult economic conditions.
But investors are used to surpass Google, sent shares at 9.4% to $ 483.67
“This is the first shock is the best company to room and only grow, said Colin Gillis, an analyst at Canaccord Adams.
“The environment”
Google reported 39% increase in revenue to $ 5.37bn in the three months to June 30.
“Strong international growth and steady increase traffic Google Web-properties, we see another strong quarter, despite difficult economic conditions,” said Eric Schmidt, executive director of Google.
The company forecast its debt yields less of their income $ 12.7bn much money as a result of volatile interest rates.
The number of paid clicks on Google and its partners declined 1% compared with the first quarter.
Stanford Group analyst Clayton Moran, he said the evidence “there is a downturn in advertising on the Internet is that the impact on Google”.
Google employee 448 people, even during the quarter - the lowest number of recruits from the fourth quarter of 2004.
adapted from http://news.bbc.co.uk/
July 21st, 2008 |