Google’s profits didn’t hit analysts estimates
Google’s stock is down about 5% in afterhours trading because its profits didn’t hit the analyst’s estimates. How did I know that? Google’s finance site, of course.
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Robert Scoble works at Fast Company.TV (title: Managing Director). Everything here, though, is his personal opinion and is not read or approved before it is posted. No warranties or other guarantees will be offered as to the quality of the opinions or anything else offered here.
rscoble@fastcompany.com
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July 19th, 2007 at 2:06 pm
and every other finance site, including finance.yahoo.com (which still works much better than finance.google.com despite that yahoo is rudderless).
The surprising part was that net income (profit) was DOWN vs 1st quarter. Gross income went up - but expenses went up faster.
July 19th, 2007 at 2:45 pm
It i about 8% down now
in other news MSFT hit their first 50Billion+ year
July 19th, 2007 at 3:00 pm
Actually, there is nothing on google’s finance site that says anything about Google’s earnings announcement. It is headlining on every other financial site but is suspiciously missing from Google’s headlines…smells funny to me.
July 19th, 2007 at 3:13 pm
Tyranny of the 1/4 ly report. Sux.
July 19th, 2007 at 3:13 pm
Brad: what you talking about. There’s a bunch of articles on the right side of Google’s Finance site that I just linked to above.
July 19th, 2007 at 3:33 pm
I don’t see anything on the google finance page…maybe we’re looking at different pages?
July 19th, 2007 at 3:51 pm
I like how Scoble’s post implies that Google’s financial site had an exclusive on this story. It’s on every financial site and on cable news as well.
July 19th, 2007 at 4:07 pm
Scoble’s posting also seems to suggest he was the first and only person to break this news. This was picked up very quickly by everyone…..
July 19th, 2007 at 4:10 pm
SuzyQ: I didn’t want to make it seem that only Google News had that story. Of course something like that is going to be talked about everywhere.
Brad: are you looking at http://finance.google.com/finance?q=GOOG ?
July 19th, 2007 at 4:15 pm
Chris: um, you’re pretty clueless if you inferred that. If I was the first to have the news it wouldn’t have been on Google’s Finance site, would it have? And anytime a big company reports financials it hits everywhere all at once.
July 19th, 2007 at 6:27 pm
@10 So….what was the point of saying you”… saw it on Google’s finance, of course”?
July 19th, 2007 at 8:55 pm
Robert - I think you slipped up. Commenting on Google’s earnings is somewhat interseting/relevant…especially since they missed the consensus estimates. But your flippant comment that you found the news on Google’s finance site comes off as odd. Why add that? Are you saying that Google’s finance site is the best? Great. Put that in another posting. Putting it in a posting on their earnings announcement - where the news is that they missed projections - puts you in a bad light. At leat to me.
Hey, life is tough when you have 100,000 critics watching what you say and looking for BS.
July 19th, 2007 at 9:07 pm
BTW, sorry about my crappy typing/transpositions. I’m using a “foreign” keyboard.
July 20th, 2007 at 7:08 am
Interestingly, Google’s own sites are occasionally prone to spread some negative PR of the company. And of course that’s the way it should be. In other words, Google lets all the data go through its services unfiltered, no matter how the data affects the company image.
I’d guess that was the reason Robert mentioned the Finance site.
July 20th, 2007 at 7:38 am
Oh wow. So Google doesn’t sensor their poor performance results and that makes them somehow praise worthy? I don’t buy it.
July 20th, 2007 at 9:44 am
No, I was looking at the initial google finance page. Google.com>finance.
And there was nothing there. Yes, if you typed in GOOG it would bring you to the GOOG specific page that had the earnings information, but there was nothing on the initial page, which is interesting and surprising given the level of news GOOG’s earning report garnered internationally.
July 20th, 2007 at 10:31 am
@15 Actually, I’m not giving them any particular praise. Google’s sites and services just happen to have that inherent feature.
Most companies can fully control what information is published on their sites, what message their web servers are passing along. Google can not enjoy that privilege.