Google’s Q3 2012 Earnings Leaked – and Disappointed
Google’s Q3 earnings report was leaked earlier than expected Thursday, an event that turned out to be a spoiler for a bad movie. The search giant pointed a finger at financial printer RR Donnelly for prematurely releasing a draft of its third-quarter financial results without authorization. On the second page of the report, the words “Pending Larry quote” appeared as a placeholder. Google ceased trading on NASDAQ but resumed trading later in the day. The actual results weren’t pretty either: search clicks declined 33 percent year-over-year, revenue rose to $11.3 billion but missed expectations, and traffic acquisition costs and other expenses were up. Google’s stock price dipped 8 percent for the day and finished at $695.00. (Search Engine Land, NBCNews.com)
