Google has come out with a statement which blames R.R. Donnelley, the financial printer, for the leak of their earnings statement earlier this morning. The document was not due to be published until trading had closed for the day. In fact, the leaked copy said "PENDING LARRY QUOTE" at the top, showing that it was not a final report.
Google's stock has suffered significant declines due to the early leak and Google has ordered trading to be halted for its stock. The Q3 results are not spectacular, but not terrible either. The earnings call, which is scheduled for 1:30 PM PT should bring context to these numbers. It's somewhat likely Google's stock will recover when trading resumes.
Earlier this morning R.R. Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it's finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT.
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