Google (GOOG) Issues Early, Nasty and Ugly Q3 Report; Shares Crash
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Wall Street Weighs in on Google (GOOG) Earnings Debacle; a Few Bulls Run Away, Others Dig In
October 19, 2012 11:22 AM EDTGoogle (NASDAQ: GOOG) created outrage on Wall Street Thursday after its filing firm accidental released third quarter results early and the numbers were anything put strong. The company missed analysts views on the top and bottom-line and shares sold off 8 percent. Now that analysts have had time to digest the numbers and hear from a raspy-voiced Larry Page, they have weighed in. Overall, the stock lost a few bulls, bears took a victory lap, and the remaining bulls said the weakness creates a great opportunity to load up.
Oppenheimer Jason Helfstein-... More
Oppenheimer Downgrades Google (GOOG) to Perform
October 19, 2012 7:10 AM EDTOppenheimer downgraded Google (NASDAQ: GOOG) from Outperform to Perform and cut its price target from $800 to $765.
"We are downgrading GOOG shares to Perform from Outperform following weaker than expected 3Q earnings, reflecting higher spending on Nexus tablet subsidies and the drag of the... More
BofA/Merrill Lynch Downgrades Google (GOOG) to Neutral
October 19, 2012 6:46 AM EDTBofA/Merrill Lynch downgraded Google (NASDAQ: GOOG) from Buy to Neutral.
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $695.00 yesterday, with a 52 week range of $556.52-$774.38.... More
Investors and Analysts React to Google's (GOOG) Premature Release
October 18, 2012 3:15 PM EDTThe market lit up this afternoon after Google (Nasdaq: GOOG) prematurely released its third quarter earnings report. The misfire is being tied to a mistake at Google's filing company, RR Donnelley. Google stock is currently halted and was down 9 percent before the halt. Looking past the obvious shock value, analysts and investors are reacting to the numbers.... More
Larry Page Quote Added to Google's (GOOG) Official Q3 Release
October 18, 2012 3:08 PM EDTIn Google's (NASDAQ: GOOG) official earnings release the following quote was added:
"We had a strong quarter. Revenue was up 45 percent year-on-year, and, at just fourteen years old, we cleared our first $14 billion revenue quarter," said Larry Page, CEO of... More
UPDATE: Google, Inc. (GOOG) says R.R. Donnelley (RRD) filed 8-K without authorization
October 18, 2012 1:18 PM EDT(Updated - October 18, 2012 1:22 PM EDT)
Google, Inc. (NASDAQ: GOOG) says R.R. Donnelley (NYSE: RRD) filed 8-K without authorization.
From Google:
Earlier this morning RR Donnelley, the financial printer, informed us that they... More
