Google stock plunges 8% after early Q3 release
After the figures, trading of the stock was suspended for two hours after early disappointing Q3 results. The stock closed at $695, lower by 8.01% on NASDAQ.
The NASDAQ listed Google dragged the NASDAQ indice lower along with it. The NASDQ ended the day lower by more than 1%.
Google reported net profit at USD 2.18 billion or USD 6.53 per share, down 20%, compared to USD 2.73 billion or USD 8.33 per share in the same period a year ago.
However, the company reported rise in its revenue by 45% from last year to USD 14.1 billion. Net cash provided by operating activities in the third quarter of 2012 totaled $4.0 billion, compared to $3.95 billion in the third quarter of 2011.
As of September 30, 2012, cash, cash equivalents, and short-term marketable securities stood at $45.7 billion.
Google headcount on a worldwide basis, stood at 53,546 full-time employees (36,118 in Google business and 17,428 in Motorola business) as of September 30, 2012, compared to 54,604 full-time employees as of June 30, 2012.
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