Printer error costs Google $22bn

Shares in Google have closed by 8% after a printing company accidentally revealed that its third-quarter profits had fallen 20% on a year earlier to $2.18bn (£1.35bn), ahead of its intended publication after the US markets had closed.

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Google CEO defends company after profit slump

Google chief executive Larry Page has defended the performance of the company after an accidentally-leaked release of its third-quarter figures showed profits had slumped 20%.

"I'm sorry for the scramble earlier today," Mr Page said during a conference call held after shares closed down 8% following the press release gaffe.

He said the latest figures, though lower than analysts predicted, were "not bad for a teenager."

He added, "We had a strong quarter and I'm really happy with our business."

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Parody 'Pending Larry' account mocks Google's misery

A parody account has been created based on the accidental early release of Google's disappointing profit results.

It is called Pending Larry, based on the "Pending Larry Quote" in its second line of the document.

It refers to Google chief executive Larry Page, whose reaction was presumably to be added before the planned release after markets in New York closed.

Google: Profit details were 'erroneously released early'

The Reuters news agency is reporting a statement from Google on third quarter profits:

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