According to The Washington Post, this happened after the early publication of the report for the third fiscal quarter of 2012 ended September 30.
Financial report came a few hours before the scheduled time. He was expected to be published after the end of trading. According to the newspaper, was published in error. According to the report, Google earnings for the third quarter amounted to 2.18 billion dollars, 550 million less than in the same period in 2011.
In the previous quarter, Google's net profit rose by 11 percent compared to the same period last year to 2.79 billion dollars.
After the publication of the report quotes the company fell sharply from 745.66 to 687.3 per share. At the time of closing, the value of securities reached $ 695, a decrease of 18 October to 8 percent.
According to the company, published the document was the draft report. At the time of its completion Google shares trading on the Nasdaq were terminated. The reasons for early publication are not reported.
Meanwhile, as of early October, from January 2012 Google share price increased by 18 percent, and the value of the company over the past five years has increased by 34 percent. At the end of September 2012 Google quotes first time since 2007 reached a record high, reaching 749 dollars.
Related links:
- Google accidentally posts earnings results early, misses on revenue - The Washington Post, 18.10.2012
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