Google profits leaked, miss lofty expectations, stock tanks 10%

Earlier today, the Google filing to the SEC has been published early (an error from RR Donnelley, apparently) and the financial details for the 3rd quarter have been revealed: $14.1B in revenues for $2.18B in profits. While most companies would only dream about earnings like these, the stock market did not anticipate that Google's profit margin would go down, and the immediate result was that Google's stock (GOOG) went down 10% in minutes and trading had to be halted. Of course, this is a case of missed expectations and financial analysts were quick to blame the Motorola acquisition for the missed earnings.

Ubergizmo , Google profits leaked, miss lofty expectations, stock tanks 10%, Google profits leaked, miss lofty expectations, stock tanks 10%