Google's Page reveals little on 1Q earnings call

Analysts were left with little new information and lots of old doubts after Google (Nasdaq: GOOG) announced first-quarter revenues that were up 27 percent to $8.58 billion from $6.77 billion and net income that climbed to $2.3 billion from $1.96 billion.

Even these giddy figures failed to match analyst expectations and, to make things worse in the eyes of market watchers, Google's co-founder and recently named CEO Larry Page didn't take any questions to explain where the company is going.

"Maybe he doesn't want to do it every quarter, but there was nothing meaningful," Colin Gillis, a BGC Financial analyst told The New York Times. "The reality of running a public company is that there are some obligations of outreach to the financial community and shareholders."

Analysts, who did get their shot at other Google execs, wanted to know about the company's recent hiring spree and its plans for the future.

For more:
- The New York Times has this story

Related articles:
Google CEO Schmidt 'nudged' aside as co-founder Page named chief exec
Google shakes up management in effort to avoid stodginess
Analysts see Google earnings call as insight into company's future plans

Suggested Articles

Cable, satellite, and telecom pay TV providers should expect one of the worst years ever for cord cutting, according to eMarketer.

Comcast may be under pressure to split up its cable and media businesses and one analyst said that such a move could unlock value for both assets.

Blockgraph has partnered with TVSquared to provide omni-channel TV measurement and audience activation.