WEB/TECH: Google’s 35 Percent Profit Jump Saddens Wall St.
July 18th, 2008
SAN FRANCISCO, July 17 (Reuters) - Google Inc reported a weaker-than-expected 35 percent revolt in quarterly final profit apposite to modulate interest income and higher expenses looking for unassimilable currency hedges, driving its shares down 7 percent on Thursday.
While other Internet companies have been suffering from a weakening U.S. curtness, fence high road has come to figure on on Google to deliver cheerful revenue and earnings surprises beyond and overhead consensus expectations each quarter...