Google Trading Halted After Earnings Leaked

    These results came back a little too fast.  A premature leaking of internet giant Google’s quarterly earnings lead to stocks plunging so fast that trading was shut down.

    FOX Business Network’s Adam Shapiro explains:

    Tech giant Google fell hard when it unexpectedly reported 3rd-quarter earnings that missed Wall Street estimates for revenue and earnings.  The surprise report mistakenly released early.

    Google’s 3rd-quarter earnings per share came in at $9.03, well short of the street’s $10.65 expectation.  Analysts point blame at Google’s acquisition of Motorola Mobility, which has been a drag on the company’s bottom line.

    Google shares plunged almost 10% on the unexpected news when the NASDAQ halted trading.

    Adam Shapiro, FOX News Radio.

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