“Close to midday on Thursday, Google’s financial printing partner, RR Donnelly, published the search giant’s earnings release draft hours before it was supposed to,” Mike Isaac writes for AllThingsD. “The result: Shares of Google dropped sharply and almost instantly by nearly 75 points, with the unexpected gaffe only compounding the fact that Google missed its quarterly expectations.”
“But the company wasn’t alone,” Isaac writes. “Major Internet company stocks slumped across the board on the news. As of 2:30 pm ET, LinkedIn shares were down 2.5 percent, joined by Amazon, whose shares dropped three points… Apple, too, dropped 11 points, close to a 2 percent drop overall.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Rainy Day” for the heads up.]
Google results, filed by mistake, miss; shares dive – October 18, 2012