http://www.StockMarketFunding.com LIVE AFTER HOURS: Google Earnings Miss Street, Shares TANK! Shares of Wall St tech giant Google traded lower in after hours after missing analyst expectations. Mutual funds couldn't get enough of Google when it was trading above $650 and tomorrow they'll get to enjoy a huge gap down around $50.
Ironically, going into the report Google had a devilish close up $6.66 above yesterday's closing price of $632.91 closing the stock at $639.57 before they SLAMMED THE STOCK!
We issued a warning and shorted the $670 target price we had on Google - http://www.youtube.com/watch?v=si9v2af6D2I
Google Inc's net revenue jumped more than 27 percent in the fourth quarter but fell short of Wall Street targets, sending shares down sharply in after hours trading on Thursday.
No.1 Internet search engine said on Thursday that it earned $2.71 billion, or $8.22 per share in the fourth quarter, compared to $2.54 billion, or $7.81 per share in the year-ago period.
Excluding certain items, Google said it earned $9.50 per share.
Google's net revenue, which excludes fees shared with partner websites, was $8.13 billion in the fourth quarter, versus $6.37 billion in the year-ago period. Analysts polled by Thomson Reuters I/B/E/S were looking for net revenue of $8.4 billion.
Shares of Google were down 10 percent at $575 in after-hours trading on Thursday.
(Corrects Q4 Adjusted EPS to $9.50)
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It's great to get orders below the market when everyone else was buying over $650 the other day!
TheSMFTRADER 1 month ago
@TheSMFTRADER We had fun after hours didn't we!
StockMarketFunding 1 month ago