Google revenues worse than expected

Google reported a 27% increase in revenues for the last three months of 2011, but even that was not good enough to meet Wall Street estimates, sending the shares tumbling.

Google shares fell 10% in after-hours trading to $575.

It reported 3-month revenues of $10.6bn (£6.8bn). Its net profit rose 6.4% to $2.7bn.

“Google had a really strong quarter ending a great year,” said chief executive Larry Page.

article comes from BBc website

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