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Google reported its earnings after today’s close. Because it’s Google, and they have to do everything differently, there are several earnings figures you can choose from. For example, the company had net income of $1.19 a share. But it doesn’t end there. If you take out the stock options, Google earned $1.35 a share. Or—depending on taxes—$1.29 a share.

Wall Street’s consensus was $1.21 a share, but I have no idea which figure that was for. There was a consensus; we just don’t what was consented to. Last quarter, it took the wire services several hours to figure out what the earnings report meant. Since the stock is getting creamed in the after-hours market, I’m assuming the company missed their earnings.

Sell this stock now.

Posted by edelfenbein at July 21, 2005 5:55 PM