Google’s Earnings Released Early, Stock Plummets 9%

Google’s Q3 earnings have been released early, causing stock to drop a massive 9%. According to the Google Investor Relations Google+ account, their financial printer, RR Donnelley, filed a draft of their earnings statement without authorization, very early. Considering how much their stock plummeted, they have ceased trading on NASDAQ until they can release the final documents at their scheduled time of 1:30 PST.

The earnings showed that Google took in $14.1 billion in revenue, and $2.18 billion in net income. This is compared to last quarters $2.79 billion in income from $12.21 billion in revenue. Let’s hope the final document shows something different, as things don’t look too good for Google this quarter.

The Verge

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