Google revenues worse than expected
Google revenues worse than expected The amount Google managed to charge advertisers per click fell 8% Google reported a 27% increase in revenues for the last three months of 2011, but even that was not good enough to meet Wall Street estimates, sending the shares tumbling. Google shares fell 10% in after-hours trading to $575. It reported 3-month revenues of $10.6bn (£6.8bn). Its net profit rose 6.4% to $2.7bn. "Google had a really strong quarter ending a great year," said chief executive Larry Page. "I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally - well over double what I announced just three months ago." It came as fellow technology firms Microsoft and Intel also posted results for the same period. Microsoft posted flat earnings of $6.62bn in the same quarter, seeing strong business demand for software and services. Intel, the world's largest chipmaker, posted a better-than