English: The corner of Wall Street and Broadway, showing the limestone facade of One Wall Street in the background. (Photo credit: Wikipedia) |
The result of the failure to recognize this ceased business operation is that the price of stock shares have dropped by approximately 1 billion dollars, which means that the profit per share is down by approximately 0.40 cents. Even Doug Anmuth from J.P. Morgan has lowered his numbers to 11.4 billion dollars in revenue and 10.19 dollars in EPS for the month of December. The street average is 12.3 billion dollars and EPS of 10.54 dollars.
It is anticipated that Google will provide their outcome after they close on January 22. This may cause those who are investing in Google to become somewhat confused, especially when they first receive the numbers. This is because it may seem as though Google has missed both the top and the bottom line. Of course, this depends upon the results' effect.
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