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Google Reports Early: Huge Miss Sends Stock Plunging
ZeroHedge ^
| 10/18/2012
| Tyler Durden
Posted on 10/18/2012 10:02:59 AM PDT by mojito
Google is down over 8% as it reported earnings early and surprised to the downside...
GOOGLE 3Q REVENUE: $11.33B, EST.$11.83B
GOOGLE 3Q EARNINGS PER SHARE $9.03, EST.$10.65
(Excerpt) Read more at zerohedge.com ...
TOPICS: Business/Economy; Front Page News
KEYWORDS: google; wallstreet
Not a happy day on Wall Street.
1
posted on
10/18/2012 10:03:05 AM PDT
by
mojito
To: mojito
To: mojito
Google is a data mining operation for the Government and the Democrat Party.
I don’t say that conspiratorially, it just happens to be that way.
It’s over-valued and once the Facebook IPO came out and tanked a good number of people started pointing at Google and asking, “what about that guy? He lying, too?”
3
posted on
10/18/2012 10:30:17 AM PDT
by
Noamie
To: Vince Ferrer
I wouldn't say "over" as this article does, but Google may have found the limits of a saturated market. Agreed. And I think the same can be said of Facebook. People are catching on to all the spying, tracking and sharing of personal information these types of corporations are doing. And they don't care for it.
4
posted on
10/18/2012 11:08:09 AM PDT
by
upchuck
(Porn, cheaper than dating.)
To: mojito
To: All
By an amazing stroke of good luck Larry Page seems to have sold a lot of shares a couple of days ago..
http://www.reuters.com/finance/stocks/insiderTrading?symbol=GOOG.O
6
posted on
10/18/2012 11:37:50 AM PDT
by
Kid Shelleen
(Beat your plowshares into swords. Let the weak say I am strong)
To: Cincinatus' Wife
Their accounting firm, RR Donnelly, posted the results prematurely and without authorization from Google. Ooops.
The results were supposed to be posted after trading closed today.
7
posted on
10/18/2012 12:21:12 PM PDT
by
mojito
(Zero, our Nero.)
To: mojito
It's caused quite a stir, it would seem.
688.94 -66.55 (-8.81%) Real time
To: mojito
Google is down over 8% as it reported earnings early and surprised to the downside... I don't consider 8% to be a plunge. They should put 8% in the headline and let the reader decide.
50% is a plunge.
9
posted on
10/18/2012 12:31:04 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Vince Ferrer
I wouldn't say "over" as this article does, but Google may have found the limits of a saturated market. Obama has created so many manufacturing jobs for college graduates that they no longer have as much time to spend on Google.
10
posted on
10/18/2012 12:33:38 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Moonman62
Especially since it’s only down to the price it reached 6 weeks ago during a big 20% rally in recent months. This is more like a correction.
11
posted on
10/18/2012 12:42:42 PM PDT
by
JediJones
(ROMNEY/RYAN: TURNAROUND ARTISTS ***** OBAMA/BIDEN: BULL $HIT ARTISTS)
To: Moonman62
Trading was halted, or the declines would have been much worse.
On today's Wall Street, an 8% decline in a stock as widely held as Google is a big deal. A decline that large has wiped out the quarterly earnings of many brokerages and hedge funds, not to mention many institutional investors like large pension funds.
12
posted on
10/18/2012 1:00:09 PM PDT
by
mojito
(Zero, our Nero.)
To: mojito
On today's Wall Street, an 8% decline in a stock as widely held as Google is a big deal. Yes, it's a big deal, but read post #11 with which I agree.
13
posted on
10/18/2012 1:12:08 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: JediJones
Especially since its only down to the price it reached 6 weeks ago during a big 20% rally in recent months. This is more like a correction. Good observation.
14
posted on
10/18/2012 1:13:05 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: mojito
Google Reports Early: Huge Miss Sends Stock Plunging Crowley again?
15
posted on
10/18/2012 1:27:00 PM PDT
by
MARTIAL MONK
(I'm waiting for the POP!)
To: MARTIAL MONK
16
posted on
10/18/2012 11:02:37 PM PDT
by
UCANSEE2
( If you think I'm crazy, just wait until you talk to my invisible friend.)
To: mojito
On today's Wall Street, an 8% decline in a stock as widely held as Google is a big deal. A decline that large has wiped out the quarterly earnings of many brokerages and hedge funds, not to mention many institutional investors like large pension funds. If the earnings report was so bad, why does it matter if the price plunge happened yesterday afternoon versus this morning?
I think some people who planned on getting out before official release of the data are pissed...
17
posted on
10/19/2012 7:51:26 AM PDT
by
PapaBear3625
(political correctness is communist thought control, disguised as good manners)
To: PapaBear3625
The information was supposed to be released after trading had concluded for the day.
And you’re probably right.
18
posted on
10/19/2012 8:39:52 AM PDT
by
mojito
(Zero, our Nero.)
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