Google has suffered the rare indignity of falling below Wall Street expectations after announcing its earnings for Q4 2011.
Company stock dropped a whopping ten per cent in after-hours trading after reporting net revenue of $8.13 billion (£5.25bn) and $9.50 (£6.13) in earnings per share.
While those figures still put the company in a position to be envied by almost every other publicly traded entity in the world, Wall Street was expecting more.
Experts had predicted $8.40 billion in net revenue and $10.49 in earnings per share.
Spinning the positives
Although it's rare that Google misses the mark, the company is heralding it's first $10 billion+ quarter, before "traffic acquisition costs." and a 25 per cent gain on the corresponding quarter in 2010.
The company also announced that there are now 90 million registered Google+ users on planet earth, which is up from the 30 million it reported during the last earnings cool.
However, how many of those 90 million are actively using Google+ is a different matter altogether.
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