Google is human, earnings miss

Well, well, well. The mighty Google finally missed an earnings projection. Better look into that school loan consolidation now if you were planning on paying that bad boy off after the earnings announcement.

Google (Charts, Fortune 500), based in Mountain View, Calif., posted sales of $3.87 billion, up 58 percent from a year ago. Excluding advertising revenue shared with partners, a figure known as traffic acquisition costs or TAC, sales came in at $2.72 billion, ahead of the $2.68 billion in sales analysts were expecting on this basis.

The company reported a net profit of $925 million, or $2.93 per share, an increase of 28 percent from last year. So-called pro forma earnings, which don't include stock-based compensation, tax benefits and other items, were $3.56 per share, missing analysts' forecasts of $3.59 per share.

Shares of Google have surged nearly 20 percent so far this year and are currently less than 2 percent below their all-time high. read more...