Executives from the search advertising company blamed a higher than anticipated tax rate for most of the gap between its actual earnings and annual estimates, but some now claim taxes were only responsible for half of that difference. Google missed earnings expectations by 22 cents per share, a miss that CFO George Reyes But such an assumption also says something about Google's ability to project how its expenses should be allocated. The matter is "indicative of the company's ability to effectively plan and evaluate," says Scott Kessler, an analyst for Standard & Poor's, who has a sell rating on Google. Another opinion suggested in confidence to Murdok was that Google might be experiencing some softening in its click-through rates. The source noted Google displays far more ads on the right side of the search result pages than it used to do, and that could indicate some desperation to get more people to click. Google has also been here.") Drag this to your Bookmarks. Add to document.write("Del.icio.us") | Yahoo My Web David Utter is a staff writer for Murdok covering technology and business.
Google Tax Issue Needs Another Look
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