Google's earnings for its third fiscal quarter have been released early, with draft SEC filings showing that the company pulled in $14.1 billion in revenue, with a net income of $2.18 billion. That compares with $2.79 billion net on $12.21 billion in revenue last quarter, though year-over-year it's a bit of a different picture. In Q3 2011, it kept $2.73 billion out of the $9.72 billion in revenue it recorded. GOOG stock dropped sharply on the news, which was released well before the company's scheduled 4:30PM ET earnings call, and at the time of this writing it is below $690, compared to its $750+ price this afternoon. Sales of GOOG has now been halted on the news. Why isn't Wall Street responding well to the earnings? It didn't meet...
via The Verge - All Posts http://www.theverge.com/2012/10/18/3521754/google-q3-earnings-2012-14-1-billion-revenue
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