- 15 updates
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."
To listen to Google's conference call with its chief executive Larry Page, click the above YouTube link.
Google Inc. shares have fallen 7.95% at the market's close in New York following the early release of its disappointing third-quarter figures that forced a temporary suspension in trading.
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.
The Reuters news agency is reporting a statement from Google on third quarter profits:
Google Inc's financial printer RR Donnelley has confirmed to CNBC it is "investigating" how the internet giant's third-quarter earnings were leaked ahead of schedule.
Google earlier blamed the firm for issuing a draft press release of the disappointing figures ahead of the market close.
The accidental early release of Google's disappointing profit results came on the same day that the internet giant gladly opened it doors for the first time to reveal how it stores its data across the world.
Latest ITV News reports
Google's CEO has defended a 20% slump in profits on a day when the company saw $22bn wiped off its share value because of a printer's error.