Google's stock slides on earnings report; 1.3 million Android devices activated daily
down from earlier estimates of $10.61. Wall Street sees Google reporting $37.37 a share in net earnings for 2012, down from earlier predications calling for $37.65.
Google blamed the early release of its earnings on financial printer R.R. Donnelley who accidentally filled Google's 10-K early this morning with the SEC, without authorization. With the report containing the earnings for Q3, Google was forced to go public with the announcement.
During a conference call held by Google after the market closed, Google's Larry Page announced that the company is activating 1.3 million Android devices a day, the same figure announced late last month. There are 500 million Android devices in use. You can listen to the entire call by clicking on the video below.
source: WSJ, WallStreetCheatSheet via AndroidCentral