A Mediocre Number

Google reported a profit of $6.45 a share after the closing bell last night. This was much higher than least year’s quarter of $5.36; however, analysts were expecting Google to earn $6.52 a share.

The stock got hammered after hours, down more than $20. The stock price hit a wall earlier this year when Google decided to pull out of China. It could have a major effect on future earnings. This is the first time in 2 years that the search giant has lagged behind analyst estimates.