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Google may be working on a version of the Ubuntu Linux OS, as reported by The Register, but maybe it should be spending a bit more time on a good accounting app — it just missed Wall Street’s estimates for both sales and profit for the latest quarter. The stock dropped b
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3 years ago
So you should apologise to the weasels. Being compared to stock analysts is a major insult.
3 years ago
3 years ago
http://internetstockblog.com/article/6351
As a google investor, would appreciate your take on this.
3 years ago
As I see it, Google is essentially saying that the difference in their tax rate accounts for the majority of the miss, and as far as I can tell they are right. Expenses actually fell as a percentage of revenue, which is good, and there was substantial revenue growth, which is also good. I think this is more evidence that analysts are having a hard time coming up with forecasts because they get so little guidance -- and apparently Google has said it will start providing more on the tax side at least.