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)
“An inquiry about the attitude towards the release of so-called political prisoners. I should be very sorry to see the United States holding anyone in confinement on account of any opinion that that person might hold. It is a fundamental tenet of our institutions that people have a right to believe what they want to believe and hold such opinions as they want to hold without having to answer to anyone for their private opinion.”
—Calvin Coolidge (1872–1933)