The shares (GOOG:GOOG432.66, +5.84, +1.4%) slumped $50.33, or 12%, to $382.33 in Instinet pre-open trading on Friday, however, its earnings excluding certain charges fell well short of Wall Street estimates, hurt by a higher-than-expected tax rate.
Still, the stock bounced off its worst overnight levels -- the stock had plunged as much as 19% in Thursday's after-hours session -- as some Wall Street analyst rushed to defend the stock.
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