Google Makes Money But Misses The Street…. Investors Push The Sell Button

Wall Street darling Google came out with its second quater earnings after the bell last night. The good news, they made money. Net income rose 35 percent to $1.25 billion for its second quarter, which works out to $4.63 a share. The bad news, Wall Street was expecting $4.74 a share. That sent the stock down $60, or more than 11 percent in after hours trading. However the stock has since recovered somewhat since.

It must really suck to be Google. Unless you blow past what Wall Street wants to see from your earnings report, your stock gets hammered. Even if you meet the streets expectations, that may not be good enough to keep investors happy. It kind of sucks to be them.

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