It isn’t the end of the world, but these numbers are down. Losing money is never something that investors ever want to hear. With the early release of their eranings report Google stopped trading on NASDAQ.
“Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8-K 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.”
You can see in the image below how that looks. It sure wasn’t pretty for Google.
All is right in the world again though as Larry Page has since added his two cents to the document which makes the diminished numbers not so bad and the confirms the numbers that were previously let loose early.
“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. I am also really excited about the progress we’re making creating a beautifully simple, intuitive Google experience across all devices.”
Stock trading has once again resumed and Google is back to business as usual. The official investors call to go over the earnings for the quarter is underway right now. Hopefully there will be some more news come from that call that will help Google recover a little bit more from this snaffu.