Google’s share declined by mistake. Google last month
Microsoft had left behind in terms of company profits. Google
accidentally released its third quarter results and its shares declined
significantly. In contrast to the expected benefits in Google’s
quarterly earnings of $ 18 million decreased 20 per cent, or nearly two
billion was reported. Google for RR Donnelly financial publishing
company attributed the results to be released before the draft.
Because Google’s shares fell by nine per cent in just two hours. This
fall close to Google or 10,19,16,00,00,000 Rs 19 billion loss. By the
time of closing the market had been covered to some extent. After the
market closed, Google’s chief executive apologized to analysts via
conference call by Lara page. He said in a statement that the publisher
has notified us that they had no permission to publish the draft.
We long for your trading on Nasdaq halted until we do not finalize
the draft. The publisher did not give Google a chance to analyze these
data. In normal circumstances, this report completely via conference
call company management, shareholders and journalists are released only
after negotiation and consultation. This results in Google and losses to
investors about handling the market a chance to explain.
In the confusion, according to the report – there were things showing
up in Google’s quarterly figures were losses. But later when the
company issued its final results, so it was written, our quarterly
figures are in a very strong position. Revenue in the year – by – year,
45 per cent has been increasing. Our company still only fourteen years
old, but we have a revenue of $ 14 billion in the first quarter is the
business.
Google’s total revenue of seven billion to $ 11 billion, an increase
of three hundred million, but its assumptions about the benefits that
were less than this.
