BGC Partners analyst Colin Gillis labeled the early release an “unprofessional” move, which “created panic in the market.”Full details at MarketWatch.
Google reported a third-quarter profit of $2.18 billion, or $6.53 a share, compared with a profit of $2.73 billion, or $8.33 a share, for the year-earlier period.
Revenue, minus traffic acquisition costs, was $11.33 billion, up from $7.51 billion in the year-earlier period. Adjusted profit was $9.03 a share. Analysts were expecting an adjusted profit of $10.63 a share, on revenue of $11.39 billion.
It was Google’s first full quarter following its acquisition of Motorola Mobility and the impact of the merger was evident in the results which showed $527 million operating loss for Motorola Mobility.
Google earnings fall - stock plunges 9 percent
Posted on Thursday, October 18 2012 @ 21:17 CEST by Thomas De Maesschalck