GOOG: "A material inflection has occurred in Q1,"...

8:49 AM "A material inflection has occurred in Q1," says Stifel of Google (GOOG), noting IgnitionOne reporting search spend dropping 1% Y/Y this quarter. For the past 8 quarters, the same metric has averaged up 18% Y/Y. "Although only one data point, the read through to Google U.S. revenue growth is clear and negative." Shares -0.7% premarket.
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