NEWS

Rediff.com » News

Google shares fall on premature earnings
October 18, 2012
Google Inc. rematurely released its quarterly earnings midday Thursday, reporting that profit declined 20% as total costs jumped and advertising prices continued to slide.

The unexpected release, via a filing with the Securities & Exchange Commission, triggered a selloff in Google shares. The stock dropped about 9% before trading was suspended and weighed on the broader Nasdaq Stock Market. The results missed expectations and the company released its results several hours earlier than expected.

Click here to read the report 
© 2024 Rediff.com