Linked by Thom Holwerda on Thu 18th Oct 2012 19:19 UTC
Google "Google was scheduled to post third quarter earnings after the bell on Thursday, but unexpectedly they were released around 12:31 PM in New York, revealing a big miss on profit. The company also missed expectations on revenue." I have no idea if the figures are bad, and if so, how bad. I mean, missing analysts' estimates doesn't really say anything useful, does it?
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It's hard to understand
by sukru on Thu 18th Oct 2012 20:05 UTC
sukru
Member since:
2006-11-19

They make a lot of profit, but still their shares lose 10% value in a day.

These kind of pushes for unreasonable expectations are the main cause of greediness in businesses. If people would be content with regular profits, then I believe there would be less patent wars, and abrupt layoffs.

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