BIG RED FLAG LOST IN HOOPLA OF GOOGLE’S PREMATURE EMISSION $GOOG $AAPL $RRD $LNKD $FB $AMZN $YELP
(GOOG) was scheduled to release earnings after the market close. Inadvertently, earnings were released at 12:39 PM by its agent RR Donnelley (RRD). Google stock fell about 9% before it was halted. Both revenues and earnings were below consensus. To make matters worse, whisper numbers were higher than consensus. In