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Google earnings fall 20 percent
 
Under Google's controversial new privacy policy, YouTube, Gmail, and nearly 60 other Google services will share your personal data.
Under Google's controversial new privacy policy, YouTube, Gmail, and nearly 60 other Google services will share your personal data.
James Leynse/CORBIS

In an SEC filing that was apparently published inadvertently, Google reported third-quarter earnings of $9.03 a share, below the $10.65 analysts had predicted. Earnings fell 20 percent from a year ago as total costs rose and advertising prices continued to fall. Google shares fell fast after the release. The stock dropped as much as 11 percent to $676 before bouncing back and being halted at $687.30, down 9 percent. Motorola weighed heavily on Google's profit, generating an adjusted operating loss of $151 million, or 6 percent of the unit's revenue.

 

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