Google(GOOG) reported yesterday, missing one penny of $4.43 earnings, excluding special items. At this stock price and level of earnings, 1 penny is a rounding error. Sorry guys, it's inline earnings, not a miss.
Stock is down huge, true. But this is the story of any tech company this earnings period, no matter if they beat expectations or missed them. Just look at Apple (AAPL). Tech just is not in fashion now. Should be time to buy.
Full disclosure: at the time of publication author had long position in GOOG and AAPL. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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