I am just passing along the information here, but according to reports from CNBC (and mentioned at Business Insider) Google execs may have been calling analysts ahead of the earnings release in an attempt to talk down estimates. Anyone who has been around even a little while knows this is a big Reg FD no, no.
As Business Insider writes.....
CNBC's Jon Fortt reported that, based on conversations with people in the financial
community, Google "has been calling around for the past couple of days
trying to prepare analysts for this report not to look so great — trying
to skew their attention towards certain numbers that might not make
this look as bad as it does right now."
Fortt continued, saying, "The fact that they knew this report was going to be an issue, combined with this error apparently on R.R. Donnelley's side is creating quite an issue for them internally."
As Business Insider writes.....
CNBC's Jon Fortt reported that, based on conversations with people in the financial
community, Google "has been calling around for the past couple of days
trying to prepare analysts for this report not to look so great — trying
to skew their attention towards certain numbers that might not make
this look as bad as it does right now."Fortt continued, saying, "The fact that they knew this report was going to be an issue, combined with this error apparently on R.R. Donnelley's side is creating quite an issue for them internally."
The company's third quarter results came out earlier than was expected and there was a reason for it, says Google: R.R. Donnelley & Sons Company filed a draft of its weak.
ReplyDelete