Thursday, October 18, 2012

Google Shares Halted... omg

Google Inc. (NASDAQ: GOOG) must have found out that someone knew its earnings report ahead of time because the internet search giant and Android O/S leader released its SEC Filing early. The comparable non-GAAP earnings in the third quarter came $9.03 EPS, down from $9.72 EPS a year ago. The comparable revenues on an ex-TAC basis would be about $11.33 billion. Thomson Reuters had estimates of $10.65 EPS and $11.86 billion. This is a huge disappointment when you consider that Google recently saw its stock hit an all-time high.

Read more: Google Slips Earnings Out Early, Metrics Sink The Ship - 24/7 Wall St.

* According to CNBC breaking news google blames R.R. Donnelley Filed 8-k without authorization.
* Google: will hold 4:30pm ET earnings conference call as previously planned
* Google: Expects tradings willl resume before today's close
* That was because of premature earning release

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