http://www.blogcdn.com/www.engadget.com/media/2012/10/googledoodle.jpg In an apparent error, Google’s Q3 2012 earnings have gone live smack dab in the middle of the trading day, instead of after the closing bell as expected. Early indications are that the search giant has notched third quarter revenues of $14.10 billion, representing a 45 percent uptick compared to Q3 2011. GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19 percent of revenues, and that would explain the near 10 percent slide in the company’s stock price. You see, a year ago Google nailed down $3.06 billion, or 31 percent of revenues, when looking at operating profit; investors were expecting some $10.65 per share, while they got just $9.03 per share.
Developing…
Filed under: Internet, Google
Google’s Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income originally appeared on Engadget on Thu, 18 Oct 2012 12:57:00 EDT. Please see our terms for use of feeds.
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