Google 37% Profit Increase Not Enough? Get Bent

Google Inc. (NASDAQ:GOOG) is everything web 2.0 and search, since when does landing another $1.96 billion net income in the latest quarter not enough for the Street? Ridiculous.

THE NUMBERS
Net income rose to $1.96 billion, or $6.06 a share, from $1.42 billion, or $4.49, a year earlier.  Excluding costs such as stock-based compensation, profit was $6.76 a share. Some analysts' estimates were as high as $6.91.

Despite the impressive figures, shares of Google (GOOG) fell 5% after hours to $566 a share. 

WHATEVER
Google's COO Patrick Pichette said the company was gearing up to drive new growth and push more aggressively into display and mobile ads.  Google has hired 800 employees and made six acquisitions this year.

Google Inc. plans to hire 2,000 people this year and is spending more on sales and marketing. That kind of cash outflow can make investors uneasy because it can crimp profit margins, analysts said.

Despite what the analyst say, Google Inc. is the future, the end.

Disclaimer: No positions in GOOG.