google down $50 after bell

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    Let’s Cut Right to the Chase...

    Google (GOOG) announced fourth-quarter results after the bell. Profit at the search giant climbed by 82 percent thanks to online advertising growth. Net income came in at $372 million, or $1.22 per share, from $204.1 million, or 71 cents, in the year-ago period. Excluding payments to partners, sales rose to $1.29 billion, in line with consensus estimate from Thomson First Call . However, ex-items earnings of $1.54 per share missed the analyst estimate of $1.77 per share by a 23-cent margin. The stock closed the day at $432.66, and after-hours trading was halted for several minutes. When trading resumed, the price was down more than $50.
 
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$6.31
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Price($) Vol. No.
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