Google shocked investors Thursday when it mistakenly filed its earnings report with the Securities and Exchange Commission several hours earlier than planned, reporting disappointing third-quarter profits.
Google stock dropped sharply after the report, down more than 9 percent, or $68 a share, before Nasdaq halted trading in its shares in the early afternoon. Shares resumed trading late in the day, and ended off 8 percent.
The mistaken filing surprised stock analysts, reporters and even Google’s own public relations staff, which did not know about it at first. Google later blamed the error on R.R. Donnelley & Sons, the publisher, which it said had filed an early draft of the earnings “without authorization.”
Read more: Google Shares Drop After Earnings Disappoint - NYTimes.com
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