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Google smashes Wall Street expectations
Google Inc's results soundly trounced Wall Street's most bullish expectations, sending its shares up 12 percent and easing concerns that its battle with Facebook and Twitter is costing too much and hindering growth. Ref. Source 3
Although the search engine giant missed analysts' estimates on revenue, Google beat expectations on profit, with earnings per share of $10.65. Ref. USAToday
Shares of tech giant Google have plunged 5% in after hours trading after its quarterly earnings missed analyst forecasts. Meanwhile, the Dow Jones industrial average and Standard & Poor's 500 index closed at all-time highs. Preliminary closing levels for each were 15,549 for the Dow -- a gain of 78 points -- and 1,689 for the S&P 500 -- an 8-point climb. Ref. USAToday
Google search slips after Firefox switch
The search giant's share of the market fell to 75.2% in December down from 79.3% a year ago, after Yahoo replaced Google as the default search engine on Firefox browsers in the United States. Ref. USAToday