Google Pre-Announces; Shares Plunge

Intended or not, Google

unveiled a disappointing batch of third-quarter results in an 8-K filing released Thursday causing shares to plunge. Shares of Google, the largest provider of Internet search services, are off seven percent on heavy volume in midday trading, after the company showed a profit of $9.03 per share, well below the $10.65 per share analysts expected. California-based Google was scheduled to report those results today after the close of U.S. markets. Paid clicks on advertisements Google carries rose 33 percent year-over-year and six percent from the second quarter. Revenue was $11.33 billion, well below the $11.86 billion analysts expected.