Is Google in trouble? The report sent the stock down 5%.
The giant fell short of its revenue forecast, and quite seriously: $69.1 billion versus the expected $71.34 billion. Although it is still an increase in annual terms, it is very weak. EPS is also not good: $1.06 vs. the forecasted $1.28.
For the third consecutive report, Google failed to meet Wall Street's expectations. The company's costs have risen sharply: costs and development of new projects. In total, costs rose by $8 billion over the year.