Google’s $1.25B Profit Disappoints

Google Inc. (GOOG) on Thursday reported profit of a mere $1.25 billion for the second quarter of 2008. But that number disappointed analysts. They’d expected earnings per share of $4.74 – Google came in at $4.63. What a difference 11 cents makes. The news upset investors and sent the Internet giant’s stocks tumbling ... although they’re still worth more than most tech shares.

Bloomberg: Google Declines as Second-Quarter Profit Trails Estimates

New York Times: Google Earnings Are Below Forecasts, and Shares Fall

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