InfoAnda - Google results miss; shares dive after premature report |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Experts: Half world faces water shortage by 2080 | 18 November 2008
After Controversy Over Back Taxes, Confirmation Hearing For Incoming Treasury Sec. Moved To After Inauguration | 15 January 2009
Israel threatens major offensive against Gaza | 22 December 2008

Baghdad bridge of death becomes bridge of hope | International | | 11 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : Google results miss; shares dive after premature report |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (13) Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fleeing Syria Escaping the violence in Syria. Slideshow Highest-paid TV actors Forbes ranks the highest-paid actors on television. Slideshow Counterparties: Today's Best Links The great American paycut Millions of workers who lost a job on during the financial crisis have taken big pay cuts in their new positions, Dylan Matthews writes. Read more at Counterparties Citigroup's new CEO likes to quote Spiderman Why more disclosure has led to less information Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Apple loses tablet copyright appeal against Samsung 8:27am EDT Google results miss; shares dive after premature report 4:05pm EDT Kutcher tops Forbes' list of highest paid TV actors 17 Oct 2012 Obama children's school evacuated after suspicious call 1:11pm EDT Obama comes out swinging after debate | 2:29pm EDT Discussed 172 Obama gets second chance in debate rematch with Romney 138 Biden and Ryan in high-stakes election debate 90 ”I take responsibility” for Benghazi, Clinton tells CNN Sponsored Links Google results miss; shares dive after premature report Tweet Share this Email Print Related News Analysis: How long can Google's shares stay airborne? Wed, Oct 17 2012 Sales stumbles raise fresh worry for corporate America Wed, Oct 17 2012 BlackRock third-quarter profit rises 8 percent on ETF gains Wed, Oct 17 2012 BNY Mellon profit rises, but analysts worry about fees Wed, Oct 17 2012 Intel's outlook fails to inspire hopes for PC recovery Tue, Oct 16 2012 Analysis & Opinion Catholicism and sex shops: the struggle for Poland’s soul The billionaires next door Related Topics Tech » Hot Stocks » Asian Markets » Money » Media » An employee rides her bike past a logo next to the main entrance of the Google building in Zurich July 9, 2009. Credit: Reuters/Christian Hartmann By Alexei Oreskovic and Edwin Chan SAN FRANCISCO | Thu Oct 18, 2012 4:05pm EDT SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value. The disappointing numbers on Thursday came hours ahead of schedule in a rare instance of premature filing. Google blamed the misfire on an unauthorized filing by its financial printers, R.R. Donnelley, and later confirmed the numbers' accuracy. The earnings report, which had not been expected until after the market close, revealed a weakening in Google's core Internet advertising business and persistent losses at its recently acquired cellphone business, Motorola Mobility. Shares of Google, the world's No. 1 Internet search engine, were down 9 percent at $690.84 after a brief trading halt. Some analysts said the inadvertent results release spurred confusion and exacerbated its stock price decline. But other analysts were unnerved by softness in the numbers. Net revenue growth at Google's main Internet business increased 17 percent year-over-year, the first time growth in that business has fallen below 20 percent since 2009. The slowdown in revenue growth came on the back of falling advertising rates as users shift increasingly to mobile devices, where it charges less than it can on computers or laptops. "It was just too rapid a deceleration," said Pivotal Research Group analyst Brian Wieser. "Many of the same underlying trends drive Facebook advertising." Shares in Facebook Inc, which headed south shortly after Google's inadvertent filing, were down 4.6 percent. Google's snafu recalled Facebook's debut, which was marred by technical glitches that also spooked traders and contributed to the stock's first-day decline. On Thursday, Google, which has been struggling to turn around a Motorola Mobility hardware business it bought for $12.5 billion, reported a 20 percent dive in net income to $2.18 billion. Excluding certain items, it earned $9.03 a share, vastly underperforming the $10.65 analysts had expected, on average. "We have been saying this thing was ripe for a pullback. It's not like they're Google not being Google, but you still have some major issues," said BGC analyst Colin Gillis. "Click prices declined for the fourth consecutive quarter after rising for eight consecutive quarters before then. That's a negative. This is the mobile problem." "The other bit is the Motorola millstone had been ignored by the market, and - boom - now you've got weak revenue from Motorola. When you acquire a business and you're about to whack all kinds of people and close offices, you know what happens to the employees? They take their eye off the ball. Sales are down," Gillis explained. A BAD MISS? Google reported net revenue - excluding traffic acquisition costs - of $11.3 billion for the third quarter, below Wall Street's expectations for about $11.9 billion. For the fourth consecutive quarter, the company reported a decline in average cost-per-click (CPC), a critical metric that denotes the price advertisers pay Google. Average CPC declined 15 percent from a year ago and 3 percent from the second quarter of this year. Analysts say that Google, like many of its peers in the Internet industry, has been struggling to adapt to the rapid consumer uptake in mobile devices. Advertisers pay far less for adds on smartphones and tablets than for similar ads on desktop computers. "The core business seems to have slowed down pretty significantly, which is shocking," said B. Riley analyst Sameet Sinha. "The only conclusion I can look at is, search is happening more and more outside of Google, meaning people are searching more through apps than through Google search." "That could indicate a secular change, especially when it comes to ecommerce searches. The big fear has always been, what if people decide just to go straight to Amazon and do their searches? And potentially that's what could be happening." But Ryan Jacob, chairman and chief investment officer of Jacob Funds, said he viewed Google's results as only "minorly disappointing," with most of the weakness coming from Motorola as expected. "Unfortunately, by dropping an 8K in the middle of a trading day, people kind of shoot first, ask questions later," said Jacob, whose fund owns Google shares. JP Morgan analyst Doug Anmuth said in a note that the Google results were "light" but not as bad as they appeared at "first blush." FILING SNAFU Google, which recently overtook Microsoft Corp to become the second-largest U.S. technology company by capitalization, had been due to release its results after the market close. The second paragraph of the press release merely read "Pending Larry quote," suggesting that space was reserved for comment from CEO Larry Page. "Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization," Google said in a statement. "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 at 1:30 PM PT." Shares of RR Donnelley, the U.S. printing services company, slid as much as 5 percent. They were down 2.2 percent at $10.61 in afternoon trade. Reed Kathrein, a plaintiff lawyer with Hagens Berman who sues companies on behalf of investors, said investors would not have a claim against either Google or R.R. Donnelley because the earnings disclosure was likely a mistake. "There's no fraudulent intent here," Kathrein said. However, Google could have a negligence claim against R.R. Donnelly to recover any additional costs it incurred in responding to the incident, Kathrein added. "Everyone is trying to figure out if there's any legal issue with respect to RR Donnelley," said Michael Matousek, senior trader at U.S. Global Investors Inc, which manages about $3 billion in San Antonio. (This story corrects name to BGC, not BCG in paragraph 10) (Additional reporting by Gerry Shih and Noel Randewich in San Francisco, David Gaffen and Jennifer Saba in New York; Editing by Bernard Orr, Gary Hill) Tech Hot Stocks Asian Markets Money Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (13) Crash866 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 19 October 2012
Exclusive: Libyan Islamist says he was at U.S. consulate during attack |
Judge in 9/11 case weighs whether Constitution applies at Guantanamo |
Putin's foes search for leaders in online Russia vote |
Tweeting pianist Say denies Turkish religious insult charge |
Rwanda warns against cutting aid over Congo rebels |
Central African Republic says foils another coup |
Under fire over Congo rebels, Rwanda wins Security Council seat |
Google results miss; shares dive after premature report |
Microsoft profit falls as PC sales shrink |
Chipmaker AMD announces layoffs as PC sales stumble |
Capgemini CEO says to hire new finance chief by November |
Alcatel-Lucent to cut 5,490 jobs worldwide |
Justin Timberlake, Jessica Biel to wed this week: Us Weekly |
Movie awards? Stupidest thing in world, says Joaquin Phoenix |
Tweeting pianist Say denies Turkish religious insult charge |
Author James Patterson says Tyler Perry will wow as Alex Cross |
Danish play debunks Norwegian mass murderer |
Fans, foes and all five Star Trek captains in UK meet |
Silence is golden for composer John Cage's legacy |
Peace envoy to visit Syria to work out Eid ceasefire |
Clashes erupt at Greek anti-austerity protests |
Exclusive: U.S. to invite Myanmar to joint military exercises |
North Korea says will fire on South if leaflets dropped |
Gold Fields says strike over at South African mine |
Under fire over Congo rebels, Rwanda wins Security Council seat |
Over half of crisis-hit Italians recycle food leftovers: report |
Suspected al Qaeda attack on Yemen army base kills 26 |
Blast halts Iran gas flow to Turkey, 28 troops wounded |
Diplomacy inbox fills up as U.N. awaits U.S. presidential vote |
Mobile revolution, economy trip up tech giants |
Ally Financial latest U.S. bank to face cyber attack |
Google results miss; shares dive after premature report |
Microsoft profit slips as PCs fizzle; Windows 8 awaited |
Japan's Sony to cut 2,000 jobs in restructuring |
Smart new models shine light into opaque FX world |
Dell bets on pre-packaged data center systems for corporations |
Top brass to discuss U.S. Air Force role in cyber warfare |
Rolling Stones rehearsing 70 songs for upcoming gigs |
Taylor Swift paints love Red in new album |
Bill Clinton, Springsteen rock Ohio for Obama |
Deadmau5 brings mouse power to electronic dance music |
Actor John Hawkes: A familiar face to reluctant fame |
Bomb blast in Beirut kills at least eight |
Turkey fires on Syria in retaliation incident: state TV |
Pakistani girl shot by Taliban doing well |
Exclusive: China power brokers agree preferred leadership
Bangladesh quizzes family of alleged U.S. bomb plotter |
Families of slain British soldiers win right to sue government |
Turnout light for Egypt anti-Islamist protest |
NATO chief calls for free elections in Afghanistan |
Bomb kills Bahraini policeman on patrol |
Gold Fields mine strike ends in South Africa |
Analysts cut Google price targets but see mobile ad growth |
Yahoo to exit South Korea in first Asian pullout |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01