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Google Q3 Financial Report Leaks Early, Halts Stock Trading

miller-miranda
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emerging-seeding-growth-4Google revenues topped $10 billion for the fourth quarter in a row, up from the $12.2 billion reported in Q2 2012. The Q3 2012 $14.10 billion in revenue is another new record and reflects a 45 percent increase over the same quarter last year.

Though the release typically publishes on Google’s Investors site 30 minutes before their earnings call, some sort of slip up has resulted in its landing on the SEC website far earlier in the day than usual.

TechCrunch obtained a statement from Google that points to financial printer PR Donnelly as the source of the leak. They saw a 9 percent drop in Google stock value since the report surfaced and have ceased trading activity until the earnings call. The Google spokesperson said:

Earlier this morning RR 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.

Trading ceased at 12:50 p.m. EST. Stay tuned for full details on Google’s financial earnings from Q3 2012.


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