Google Inc. (NASDAQ: GOOG) just posted earnings and the search giant posted $4.63 non-GAAP EPS and $3.9 Billion in ex-TAC revenues. 

First Call estimates were  $4.74 EPS on $3.87 Billion in revenues. 

The company released that it had 19,604 full-time employees as of June30, which looks like a net-net hiring after the DoubleClick layoffs isabout 500 more than last quarter.  Paid clicks were up 19%.  It had$1.47 Billion in traffic acquisition costs, which gives a gross revenuenumber (not what analysts use) of $5.37 Billion.

Google closed down 0.4% at $533.44 in regular trading and shares are initially down over $50.00 at $482.00 in initial reactions.

Jon C. Ogg
July 17, 2008