Service Corporation said the acquisition would slightly improve per-share profit this year.
Analysts pointed out that Google's initial stock price would be about 150 times the company's annual per-share profit.
The per-share profit fell because of an increase in the number of shares outstanding.
One such casualty is Oneita Industries, whose per-share profits had been expected to grow 24 percent this year.
Analysts surveyed by Zacks Investment Research had expected the company to report a per-share profit, before the charge, of $1.65.
It did not provide per-share profits for the most recent 12 months, but said they came to 65 cents for the nine months ending in January.
For all of 2003, its per-share profits are expected to be $3.12, according to analysts' estimates.
His own raise assured him of earning close to $1 million a year, even though per-share profits were at a five-year low.
The big chemical maker said its per-share profit fell to $1.34, from $2.70 a year ago, when its net profit was $728 million.
The company also expects its per-share profit to increase 50 percent, to 98 cents.