NEW YORK-- Shares of Google Inc. perked up in premarket trading Friday as analysts soothed investors shocked by an earnings report that dropped prematurely on Thursday. Google was supposed to release its report after the market closed Thursday, but they leaked prematurely, setting off the stock plunge.
The "Squawk on the Street" news crew report on the market-moving stories of the day; including a report from CNBC's Jon Fortt on the fallout from a wild day for Google. Also, a look at McDonald's earnings miss, with Matthew DiFrisco, Lazard Capital Maarkets analyst.
Traders took profits early Thursday in Google, and it was the right move.
Discussing Google's Q3 confusion, and how the tech giant can get its mobile mojo back, with Henry Blodget, Business Insider CEO & editor-in-chief.
Google surprised investors twice Thursday, releasing earnings hours before they were expected, and putting up awful revenue numbers. After the worst sell-off in shares since September 2008, Google shares were flat in premarket trading Friday. The National Association of Realtors posts existing home sales figures at 10 a.m. Eastern.
CNBC's Jon Fortt reports the latest details on the fallout from yesterday's reporting blunder; and Google shareholder, Paul Meeks, Saturna Capital, shares his views on the company's long-range prospects, including clarity on its mobile plan.
Jacob Frenkel, Shulman Rogers partner and former SEC enforcement attorney, discusses the likelihood of a negligence claim, on the heels of Google's inadvertent earnings announcement. .
Google's earnings blunder cost the company over $20 billion in market cap. Ken Sena, Evercore Partners analyst, discusses the earnings miss, and why he maintains a "Buy" rating on the stock, and $860 price target.
Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..
Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
SURPRISE, SURPRISE: Google lost control of its own data and released its third-quarter earnings more than three hours before the report was supposed to go out. WHAT WENT WRONG: The company blamed a printer for prematurely filing a copy of its third-quarter report with the Securities and Exchange Commission.
European Union leaders opened a two-day meeting in Brussels on Thursday and took a critical step by agreeing to create a banking supervisor to oversee institutions in the 17 countries using the euro. South Korea's Kospi lost 0.9 percent to 1,942.47 and Australia's S&P/ASX 200 fell 0.1 percent to 4,554.50.
CNBC's Adam Bakhtiar takes on the challenge of the daily stock in 60 seconds segment and looks at Google, whose shares dived 9% on weak Q3 earnings and revenue.
Some high-profile earnings misses soured sentiment ahead of Friday’s reports from two big Dow stocks — McDonald’s and General Electric.
Google's printers prematurely released the company's earnings, and the stock weakened until trading was halted. Don Luskin, Trend Macro CIO, discusses the state of the U.S. stock market, and the upcoming elections.
Brian Wieser, Sr. Research Analyst, Pivotal Research Group shares his take on Google's latest earnings report.
Dodge Dorland, Chairman & Chief Investment Officer, Landor & Fuest Capital Managers says that he is heavily invested in financials, and is looking at higher yielding alternatives within the market.
Kathy Lien, Managing Director, BK Asset Management and Dodge Dorland, Chairman & Chief Investment Officer, Landor & Fuest Capital Managers weigh in on Google's earnings mishap.
CNBC's Julia Boorstin reports Google's Larry Page wrapped up the tech giant's earnings conference call moments ago.