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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