Google results accidentally published early, stocks plummet

Google results accidentally published early, stocks plummetHere’s one we’ll definitely be filing under ‘Comedy’. Google’s financial Q3 results were accidentally published early on the US Securities and Exchange Commission site, complete with “Pending Larry quote” at the top.

Funnier still, the results didn’t quite meet expectations, and as such Google was forced to suspend NASDAQ trading. Oops.

Google’s financial Q3 earnings of $2.74 billion were down from $3.06 billion year-on-year, and the EPS (earnings per share) of $9.03 fell short of analyst predictions.

Many are pointing to Google's recent acquisition of Motorola, a move inspired by patents as opposed to Moto's, er, stellar performance.

Google's share price tumbled around $70 per share in the wake of the gaff, and news of the blunder quickly spread across twitter, with the hashtag #pendinglarry, and - predictably - everyone and his dog taking potshots at Google.

A statement from Google explained: "Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorisation.

“We have ceased trading on NASDAQ while we work to finalise the document. Once it’s finalised we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT."

Meanwhile, RR Donnelley promised: "We are fully engaged in an investigation to determine how this event took place and are pursuing our first obligation – which is to serve our valued customer."

As for Larry, he eventually chimed in with: "We had a strong quarter." Great stuff.

Read more about: Android

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