April 15, 2010

Google (GOOG) Disappoints The Street. Is This The Catalyst For A Broad Based Market Correction?

Google (GOOG) reported profit that fell short of some analysts’ estimates and is selling off in after hours trading.

Net income in the first quarter rose 37 percent to 1.96 billion dollars, or $6.06 a share, from 1.42 billion dollars, or $4.49, a year earlier, the company said today in a statement.

After Hours: 566.70 -28.60 (-4.80%)
Apr 15, 6:11PM EDT

Will this be the catalyst for a market correction?

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