In afterhours trading, Google lost about 15% of its value or about $53 off its Tuesday closing price. The stock is now down to $394 (and change)... While the stock fell, net income rose 82% over last year and sales rose 86% to $1.92 billion. As on analysit said, "The stock was priced for perfection, and its was not perfect this quarter."
The 15% drop in the stock price wiped out about $20 billion in investor gains.
Also analysits expect "Google to earn $8.79 a share on sales of $6.55 billion in 2006"