Google Shares Plummet After Q4 Earnings Miss
Google doesn't often miss Wall Street's expectations, but when it does … it drinks Dos Equis.
No, wait, scratch that: There probably isn't much drinking of Dos Equis, or any sort of celebratory beverage, in the wake of Google's fourth-quarter earnings call, during which the search giant reported earnings per share of $9.50 -- well short of the $10.49 per share analysts had forecast, according to Thomson Reuters.
Google's cost-per-click -- a key online advertising metric -- fell 8 percent year over year and sequentially, contributing to quarterly revenue that fell $270 million short of Wall Street's expectations.
Google shares fell $57.67 -- slightly more than 9 percent -- in after-hours trading Thursday.
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