Google Stock Tanks, Trading Halted
Google inadvertently released its third quarter earnings information before the close of trading on Thursday, and the news wasn’t good: The company's profit was down 20 percent compared to the the same period last year. The company’s stock fell 9 percent in less than an hour before trading was halted.
Google inadvertently released its third quarter earnings information before the close of trading on Thursday, and the news wasn’t good: The company’s profit was down 20 percent compared to the the same period last year. The company’s stock fell 9 percent in less than an hour before trading was halted.
Analysts have been watching Google’s earnings per ad click (cost per click, or CPC) as a measure of how well the company is monetizing mobile users.
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