Google Earnings Beat the Street, but Investors Bolt


Web titan Google (GOOG) reported quarterly results that beat Wall Street estimates Thursday, but the figures weren't good enough to keep investors from selling on the news. In the fourth quarter of 2009, Google booked nearly $2 billion in profit and returned to double-digit revenue growth for the first time in a year. During a conference call with analysts, CEO Eric Schmidt tried to clear up confusion about the company's mobile strategy and declared that Google would like to stay in China -- only under "somewhat different terms."