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Market punishes Google for less than stellar results

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Google’s earnings growth bogged down more than investorsanticipated during the second quarter, raising worries that theailing US economy is starting to sap the internet search leader. (The Age — 18 July, 2008)
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Google Inc.’s earnings growth bogged down more than investors anticipated during the second quarter, raising worries that the ailing U.S. economy is starting to sap the Internet search leader. – (Sydney Morning Herald — 18 July, 2008)
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Market punishes Google for less than stellar results
Market punishes Google for less than stellar results

Google shares plunge after the internet search leader’ssecond-quarter earnings missed analysts’ expectations, sparked byeconomic turmoil in North America and parts of Europe. – Brisbane Times (The Brisbane Times — 11 hours ago)
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Google Inc. has successfully tackled a lot of complex problems during its first decade in business, but even the Internet search leader may be hard pressed to find a way to sustain its rapid earnings growth amid a sputtering economy in the United States and parts of Europe. – (Sydney Morning Herald — 18 July, 2008)
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Google Inc. shares tumbled more than 8 percent in early trading Friday after the Internet search leader’s second-quarter earnings missed analysts’ expectations. – (Sydney Morning Herald — 19 July, 2008)
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Google and Microsoft issued quarterly results on Thursday that disappointed investors. (New York Times — 18 July, 2008)
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Three culprits conspired to hurt Google’s stock: interest income, caution about the economy, and Google’s overshooting the mark on screening out low-quality ads. (CNET News.com — 19 July, 2008)
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RED FLAG: Although its growth rate remains impressive, Google’s earnings missed analyst estimates and CEO Eric Schmidt acknowledged the economic climate is “challenging.” – (Sydney Morning Herald — 18 July, 2008)
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Google Inc. says its second-quarter profit rose 35 percent. Its $1.25 billion in earnings were propelled by the growing international popularity of its Internet search engine. – (Sydney Morning Herald — 18 July, 2008)
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This week’s midyear corporate financial results offer some hope that the banking industry is working its way through the worst of the damage from the mortgage meltdown. (MSNBC — 19 July, 2008)
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