Shares in Google closed down 8% after the tech giant's third quarter results - revealing a 20% drop in profits - were mistakenly released ahead of the US market close.
The stock plummeted as much as 10% before being hastily suspended as the Q3 results revealed figures well below analyst expectations. The release showed Q3 net income fell 20% year-on-year to $2.18bn, with net revenue also failing to meet forecasts after rising to $11.3bn from $7.5bn. An early drafting of the results was filed by financial printing company RR Donnelly ahead of the closing bell, sending Google shares as low as $676. Trading was later resumed and the stock closed down 8% at $695. A statement from Google said: "Earlier this morning RR Donnelley, the financial printer,...
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