Google not very bullish

Google Inc. shares continued to tumble Friday amid disappointment over
slowed revenue growth at the online search engine leader even as
second-quarter profit more than quadrupled.

Shares
of Google fell $11.54, or 3.7 percent, to close at $302.40 Friday on
the Nasdaq Stock Market, a day after the Mountain View-based company
reported earnings climbed to $342.8 million, or $1.19 per share, from
$79.1 million, or 30 cents per share, at the same time last year.

If
not for a charge to account for employee stock options issued before
Google went public 11 months ago, the earnings would have ranged
between $1.29 and $1.35 per share. That topped the mean estimate of
$1.21 per share among analysts surveyed by Thomson Financial.

Revenue
for the period totaled $1.38 billion, nearly doubling from $700.2
million last year. After subtracting the commissions that Google paid
to other Web sites in its advertising network, the revenue stood at
$890 million, beating the Wall Street estimate of $842 million,
according to Thomson Financial.