(Reuters) - Once again, analysts say, the culprit was Google's irascible stance of keeping Wall Street in the dark over its outlook -- resisting short-term profit pressures, but creating unnecessary volatility for investors, analysts complained.
On Thursday, Google reported a 58 percent jump in second-quarter revenue, matching the average analyst forecast. But profit fell short of expectations after a 13 percent spike in new hires over the last three months drove up payroll and operating expenses and ate into Google's margins.
Read more at Reuters.com Business News
On Thursday, Google reported a 58 percent jump in second-quarter revenue, matching the average analyst forecast. But profit fell short of expectations after a 13 percent spike in new hires over the last three months drove up payroll and operating expenses and ate into Google's margins.
Read more at Reuters.com Business News
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