Google’s (GOOG) Numbers Weak Again
March 26, 2008 by Douglas A. McIntyreGoogle’s (NASDAQ: GOOG) number of "paid clicks", a key measurement of the company’s success, had very modest growth in February. Investors have been concerned about the data since it showed weakness in January. February clicks were up only 3% over the same month last year.
According to MarketWatch "Google reported 25% growth in paid clicks in its fiscal fourth quarter ended in December. But comScore data released last month showed flat growth in Google’s paid clicks in January, triggering concerns about its health amid the U.S. economic slowdown."
Odds are excellent that the stock sells off tomorrow.
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.