Friday, February 1, 2008

Another First for Google

If you heard an odd sound on Thursday afternoon, it may have been that of 10,000 people in Redmond, Washington laughing simultaneously:

Google reported earnings and sales for the fourth quarter that missed Wall Street estimates, sending the stock tumbling after hours.

Shares of the leading Internet search company, which has typically blown away analysts' forecasts, plunged nearly 9% after the closing bell. The stock had risen about 3% in regular trading Thursday. Google's stock has taken a hit in recent weeks, dipping nearly 25% below its all-time high of $747 last November.

More here.

Update:  Looks like the folks in Redmond had bigger things on their minds on Thursday.

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