Google Share Price Drops

22 October 2012 - Which Way to Pay

    



Google Share Price Drops

Google's share price tumbled last week after they released their third-quarter earnings report early. This early release had not been intentional. The value of Google, the world's most important and most used search engine dropped by or nine per cent, to $687.30 before trading on Google shares was stopped.  Google's report was not meant to be released until after the close of regular trading. In a public statement, Google said they earned $2.18billion, or $6.53 per share, during the three months ending in September. At the same time last year they earned $2.73billion, or $8.33 per share.


Loss of share value was blamed on Google's accounting costs for employee stock compensation and restructuring charges which were linked to the purchase of Motorola. Some analysts had predicted a value of over $10 per share.  Revenue climbed 45 per cent from last year to $14.1billion. Excluding compensation for websites that generate traffic for Google's ads, revenue was $11.33billion. Overall the purchase of Motorola has been expensive for Google but revenue is strong and it isn't time to start panicking yet!

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