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?
Thread beginning with comment 539060
To view parent comment, click here.
To read all comments associated with this story, please click here.
RE: It's hard to understand
by Bill Shooter of Bul on Thu 18th Oct 2012 20:56 UTC in reply to "It's hard to understand"
Bill Shooter of Bul
Member since:
2006-07-14

At a basic level, stocks are often valued according to there revenue per share as well as growth potential. The stock was priced according to what the analysts predicted for their earnings report. That value was off, thus the stock was over priced for the actual amount of revenue, profits they are producing and investors sold off.

Is that greed? I don't think it is. The greed imho, isn't the sell off, its the often speculative build up ( I'm not saying that's the case for the google stock ).

Reply Parent Score: 3