Thursday, July 15, 2010

Google Gets Boost From Online-Ad Growth - WSJ.com

Nice WSJ typo – I’m pretty sure GOOG didn’t drop to $20.82…

On Thursday, Google said its board authorized debt financing of up to $3 billion, with the establishment of an additional $3 billion revolving credit facility. Google said it has $30.1 billion in cash.

Google's profits seemed to disappoint Wall Street. The company posted earnings per share of $6.45, below analysts' expectations of $6.52, sparking a selloff of shares. In after-hours trading Thursday, Google's stock was down 4.2% at $20.82.

Google Gets Boost From Online-Ad Growth - WSJ.com

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