It's hard to tell the headlines Google misses earnings expectations and Google's 3Q Profit More Than Doubles  are about the same occurence. I guess it's all about perspective. The market seems to be taking the half full approach seeing as GOOG jumped by $8.89 to close at $149.38.

Even more impressive is that it is trading at $161.79 in after hours trading. And I thought the original IPO price of $135 was excessive. Dang.