Google Stumbles (GOOG)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Google_image_5Google Inc. (NASDAQ: GOOG) just posted earnings and the search giant posted $4.63 non-GAAP EPS and $3.9 Billion in ex-TAC revenues. 

First Call estimates were  $4.74 EPS on $3.87 Billion in revenues. 

The company released that it had 19,604 full-time employees as of June30, which looks like a net-net hiring after the DoubleClick layoffs isabout 500 more than last quarter.  Paid clicks were up 19%.  It had$1.47 Billion in traffic acquisition costs, which gives a gross revenuenumber (not what analysts use) of $5.37 Billion.

Google closed down 0.4% at $533.44 in regular trading and shares are initially down over $50.00 at $482.00 in initial reactions.

Jon C. Ogg
July 17, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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