Google guidance

17 October 2008 By Jeff Segal

The search giant has held up fine for now. Search terms like FDIC , home safes or gold are heating up, but will bring less profit. Advertisers will flock online but there will be fewer clicks. And less capex may shrink Google’s lead.

This content is for Subscribers only

Context News

Google announced the results of its third quarter on October 16. The company earned $4.92 per diluted share, surpassing Wall Street analysts' average expectation of $4.75 per share. It brought in $4bn of revenues and cut its capital expenditures by 35%, from $697m to $452m.

During the company's conference call with investors, chief economist Hal Varian said that over the last several weeks there have been huge increases in inquiries on money market, mutual funds, buy gold, 401(k)s, banking crisis, Libor, home safes.

Google does not provide any guidance for future quarters in its earnings announcements.

Email a friend

Please complete the form below.

Required fields *