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
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