RR Donnelley - Google Earnings Release

Google Earnings Release

In October 2012, RR Donnelley filed Google's Earnings Release on Form 8-K three hours early. When Google's stock price began to drop as a result of the poor earnings reported, Google blamed RR Donnelley for the mishap, however, Google's actual financial results for the term did not change upon filing Form 8-K/A (an amended filing), and the Wall Street Journal noted that $22 Billion has been wiped from Googles market capitalization as a result of the premature release as well as Google missing results expectations significantly.

Read more about this topic:  RR Donnelley

Famous quotes containing the words earnings and/or release:

    The earnings of a poet could be reckoned by a metaphysician rather than a bookkeeper.
    Edward Dahlberg (1900–1977)

    As nature requires whirlwinds and cyclones to release its excessive force in a violent revolt against its own existence, so the spirit requires a demonic human being from time to time whose excessive strength rebels against the community of thought and the monotony of morality ... only by looking at those beyond its limits does humanity come to know its own utmost limits.
    Stefan Zweig (18811942)