BREAKING! Today’s $25.9 Billion Dollar Scandal
SCANDAL! Google Blames R.R. Donnelley for Early Release of Earnings (VIDEO). In one of the most scandalous 2012 moments, Google shares lost 10% of their market capitalization due to an unauthorized release of earnings by RR Donnelley. Sounds like an inside job.
Google Inc.’s stock plunged suddenly on Thursday afternoon after a contractor released the search company’s third-quarter earnings report early, by mistake.
The stock fell $68.19, or 9 percent, to $687.30 before trading was halted to give investors a chance to digest the news. Google’s report had been slated for release after the close of regular trading Thursday.
Google said printer R.R. Donnelley & Sons Co. filed Google’s quarterly statement early to the Securities and Exchange Commission. The printer didn’t immediately respond to a request for comment.
In the regulatory filing, Google said it earned $2.18 billion, or $6.53 per share, during the three months ending in September. That compared with net income of $2.73 billion, or $8.33 per share, last year.
The earnings would have been $9.03 per share, if not for Google’s accounting costs for employee stock compensation and restructuring charges related to the acquisition of Motorola. Analysts polled by FactSet were expecting $10.63 per share, on average.
Revenue climbed 45 percent from last year to $14.1 billion. Excluding compensation for websites that generate traffic for Google’s ads, revenue was $11.33 billion. Analysts were expecting $11.5 billion.
The strong dollar appeared to have contributed to Google’s miss. The company said that if foreign exchange rates had been stable, its revenue would have been $136 million higher.
Excluding this summer’s acquisition of cellphone maker Motorola Mobility, Google’s revenue rose 18 percent.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com
Order by Phone at 888-809-8385 or online at https://www.herbanomic.com
Get our Free Ebook, "Suppressed Health Secrets" with Natural Cures THEY don't want you to know!
HuMineral Humic and Fulvic Liquid - Nature's most important supplement! Vivid Dreams again!
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.