‘Google Misses Earnings Expectations on Weak Ad Market’ – Re/code
Liz Gannes says, “Google missed expectations for the September quarter despite a slowdown in the decline of online ad rates. The search giant reported adjusted profit of $6.35 per share. The Street was looking for $6.54.
The Mountain View, Calif.-based company had $16.52 billion in sales for $13.17 billion in net income.
It basically looks like Google spent a lot of money this quarter — categories like operating expenses, data center and hardware costs and stock-based compensation were all up. The company now has 55,030 employees, up nearly 3,000 since three months ago”.
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