It ’s loose to get caught up in the Wall Street expectation game , under whose rules Google justhad a disastrousthird poop . But while pay were down importantly class over year , and were well below analyst first moment , the company still hauled in over two billion dollars of income on $ 14.10 billion of revenue . That ’s generate to calculate for something , right ?
The sack come earlier than expected ; Google ’s not holding a call to discuss the quarter until 4:30 EDT , and the number normally roll out about an hr before that . And as you may see , the SEC outlet even had a procurator for CEO Larry Page to make a input that , at the time of its press release , had n’t yet been made .
But since they ’re here , let ’s peach about ’em ! Google and its affiliates contribute in $ 11.53 billion in revenue , of which $ 7.73 billion do from Google - owned web site . devote chink were up 33 % ( that ’s good ! ) but cost - per - click , a crucial profitability metric , fell 15 % yr over yr ( that ’s bad ! ) . The company ’s got over $ 45 billion cash on hand , which pales in comparison to Apple ’s warfare chest but is still pretty darned impressive .
So why is Wall Street so blistering and bothered , place Google origin plummeting 10 % already ? Because the numbers , while more often than not potent , do n’t go up to psychoanalyst spreadsheets . And that ’s fine ! blood price are based on guesses , and what we ’re watching with the stock drop is reality setting in . But do n’t read too much into it in terms of Google ’s overall wellness . Most technical school company would defeat for these act , outlook or no .
We ’ll be on the call later today in case any details fall away out , or just for an excuse to once again hear Larry Page ’s dulcet tones . [ SEC ]
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