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Weak earnings season casts a pall over stocks

Expectations for third quarter earnings reports were dismal. But a recent flurry of high-profile reports has investors scowling even more at the weak revenue numbers.

 

Google’s 3rd-quarter earnings leak early, send stock plunging as profit misses Street

Google

Google Inc.’s stock plunged suddenly on Thursday afternoon after a contractor released the search company’s third-quarter earnings report early, by mistake. The stock fell $68.19, or 9 percent, to $687.30 before trading was halted to give investors a chance to digest the news. Google’s report had been slated for release after the close of regular trading Thursday.

 

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