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Trading of Google Stock Halted After Early Release of SEC Report

October 18, 2012

By Gilbert Falso :: 1:05 PM

Share in Google halted after SEC filingTrading of shares in the search giant Google have been halted after an SEC report was inadvertently released this morning, with an unfinished filing that left an open quote for Google CEO Larry Paige.

The top line of the report said “PENDING LARRY QUOTE,” which suggests that the filing was released early, without being fully reviewed or completed.

The company reported third-quarter earnings of $9.03, well below the $10.65 that analysts at Thomson Reuters were expecting. Shares were down nearly 10% when trading was halted, dropping from $754 to $687.

It was widely expected that though Google would release their earnings report today, that release would not occur until after the stock market’s closing bell.

Google has not yet issued an explanation for the odd timing and missing quote.

One Comment
  1. mike permalink

    I guess they couldn’t cook the numbers until they finished the real ones today