NEW YORK (
kicked off tech earnings season when it reported
after Thursday's closing bell.
Following two quarters of solid estimate beats, analysts expected more of the same. Instead, the search giant delivered a slight miss, posting adjusted earnings of $8.08 a share vs. the average analysts' view of $8.10.
Quarterly sales, excluding traffic acquisition costs (the amount Google pays to affiliates to bring traffic to its network), came in at $6.5 billion, above the consensus $6.32 billion.
Google shares fell more than 5% in the after-hours session with volume exceeding 2.1 million, according to
--Blog written by James Rogers and Scott Moritz in New York.
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