A bad day for GOOG shareholders
Google’s net revenue and earnings, though strong, failed to meet analysts’ expectations. Financial results were hurt by unfavorable foreign exchange rates, increased spending by Google, changes the company made to ad formats and the sale of more mobile ads, which cost less.
Those factors added to analysts’ longer-term concerns that 2012 could be a difficult year for Google as it navigates antitrust investigations, intellectual property litigation over Android, competition from Facebook and the acquisition of Motorola Mobility, the struggling handset maker.
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