Google Declines After Results Miss for First Time Under Page
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Google Inc. fell the most in more than three years after Larry Page delivered his first disappointing quarterly results as chief executive officer, showing that a mobile advertising push and weakness in Europe curtailed growth.
Fourth-quarter sales, excluding revenue passed on to partner sites, of $8.13 billion, falling short of the $8.41 billion average estimate of analysts surveyed by Bloomberg, a report yesterday showed. Profit before certain costs was $9.50 a share, missing the $10.50 average estimate.