Thursday, October 18, 2012

Stocks Dip; Google Halted After 9% Drop


Stocks drifted lower again Thursday as techs dragged sharply following Google's surprise earnings announcement that disappointed investors.
Google shares were halted following a 9-percent plunge after the search-engine giant unexpectedly released its earnings report in midday trading. The company posted earnings of $9.03 a share on revenue of $11.33 billion, missing expectations for $10.65 a share on sales of $11.86 billion. The company was scheduled to post after the closing bell.


http://www.cnbc.com/id/49461731

More research:

http://www.zerohedge.com/news/2012-10-18/google-reports-early-huge-miss-sends-stock-plunging

http://www.zerohedge.com/news/2012-10-18/165-hedge-fund-suddenly-cried-out-terror-and-were-suddenly-silenced