Trading in shares of Google Inc. (GOOG) have been halted following an early release of the company's third quarter earnings. The company had been expected to release the report after the close today.
Google reported third quarter adjusted net income of $9.03 per share, down from $9.72 in the prior year period. The consensus estimate was for EPS of $10.65. Revenue excluding traffic acquisition costs for the latest quarter was $11.33 billion.
Google dropped sharply around 12:30 and is currently halted, down 68.19 at $687.30. The stock has dropped to a 1-month low and has fallen below its 50-day moving average.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.