Google Stock Plunges: Trading Halted After Earnings Report Shows 21% Decline Year-Over-Year

Mac Slavo
October 18th, 2012
SHTFplan.com

Following the trend of shipping company Fedex, the largest advertising venue in the world is showing signs of strain in a weakening global economy.

Google Inc., whose accounting firm mistakenly released their quarterly report prematurely, saw a 9% tumble in the share of their stock today after weaker than expected earnings.

“It’s not clear why Google’s results were posted in a regulatory filing early, but the weaker-than-expected top- and bottom-line figures [...]

Google Reports Earnings, Beats EPS, Meets Ex-TAC Revenues, Announces Stock Split; Stock Swings Wildly After Hours, But Mostly Unchanged At This Moment.

The headlines flow in:

GOOGLE 1Q REVENUE $10.65B
GOOGLE 1Q REVENUE EX TAC $8.14B, EST. $8.14B
GOOGLE 1Q ADJ. EPS $10.08, EST. $9.64
GOOGLE 1Q PAID CLICKS ROSE 39% VS YEAR AGO
GOOGLE 1Q TRAFFIC ACQUISITION COSTS $2.51B
GOOGLE 1Q COST PER CLICK DOWN 12%

And something odd:

GOOGLE TO CREATE A NEW CLASS OF NON-VOTING CAPITAL STOCK
GOOGLE PROPOSES MEASURE EFFECTIVELY SPLITTING SHRS 2-FOR-1

In other words, Google is the next Apple forced to start paying [...]