When Google reported its fourth quarter earnings in late January, much of the focus was on mounting losses from Motorola Mobility and the upcoming stock split. When Google reports earnings after the market closes on Wednesday, the focus will likely be back on its core business: advertising
Google is expected to report earnings of $6.40 per share on revenue of $15.52 billion, according to analysts surveyed by Thomson Reuters, compared to revenue of $13.97 billion during the same quarter a year earlier
Analysts are expecting Google to post double-digit percentage growth in advertising revenue this quarter compared to a year earlier. Brian Wieser, an analyst with Pivotal Research Group, wrote in an investor note that he expects total ad revenue to grow by 16%, with display ads up about 30% and search ads up about 10%. Read more...
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Google Q1 Earnings: What to Expect
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