Google reports Q3 2012 financial results: lower than expected results sends stock plummeting

Google today reported its financial results for the third quarter of 2012, announcing a revenue ofб═$14.10 billion, an increase of 45% from the year-ago quarter. The numbers Google reported were actually lower than analyst expectations, and the financial report was published hours ahead of schedule, which sent Google’s stock plummeting and forced a halt of trading.

Б─°We had a strong quarter. Revenue was up 45 percent year-on-year, and, at just fourteen years old, we cleared our first $14 billion revenue quarter,Б─² said Larry Page, CEO of Google. Б─°I am also really excited about the progress weБ─≥re making creating a beautifully simple, intuitive Google experience across all devices.Б─²

Google says that it madeб═$2.58 billion off of Motorola Mobility profits this past quarter as well.
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