Word: quarters
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Dates: during 2000-2009
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When Google (GOOG) reported earnings, earnings which were extraordinary during a poor economic period, for the first quarter, the company's chatty CEO Eric Schmidt said "Google had a good quarter given the depth of the recession - while revenues were down quarter over quarter, they grew 6% year over year thanks to continued strong query growth. These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online." What he did not bother to mention is that no business model is any good at all without customers. Google...
Google reported revenues of $5.51 billion for the quarter ending March 31, 2009, an increase of 6% compared to the first quarter of 2008. It is important to remember that the economy was considered to be in reasonable shape a year ago so Google's results in the period were based on a relatively robust business environment. Even with a collapse in the overall economy Google's results barely changed. The DJIA was 60% higher than it is now. Google's share price was only 15% higher. The market's perception of Google's prospects has changed very little...
Citigroup chief financial officer Ned Kelly was trying to explain an aspect of the bank's better-than-expected first-quarter results on Friday morning when star analyst Meredith Whitney interrupted him. "Could you dumb that down for me?" she asked...
...dependent on foreign direct investment to buoy its economy. Last year, overseas investors sunk a record $11.5 billion into Vietnam. China last year had 73 investment projects worth $334 million in the country. But in the wake of the global recession, foreign direct investment plummeted 70% in the first quarter of 2009 compared to the same time period last year...
...Once back, though, the Tatars' troubles were hardly ended. The houses many had once owned or lived in were now occupied by Russian settlers. "I came and saw an old couple living in my parents' house," says Osmanov, standing in the old Tatar quarter of Simferopol, Crimea's capital. "I couldn't have tried to kick them out. What would have been the difference between me doing that and what happened...