Google (GOOG) Reports Earnings After Bell, Holding Again

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 1

As you probably know Google will report after the bell today and I think expectations are reasonable.   When I say expectations I’m referring to the whisper number of 3.75/share and not the consensus analysis estimates of 3.59/share.  At 3.75/share that gives the company 51% quarter over year ago quarter growth which would continue the decelerating growth trend of the for the last couple years.  Obviously a company this big can’t continue to post the growth it had previously.  As usual, the company will have to meet or exceed that 3.75 a share earnings number to avoid selling off after earnings and I fully expect that the company will at least match the whisper number.  If they do not it won’t be much of a concern because I have a long term view of the company and am looking for opportunities to add to my position.  Should the stock sell off and drop to support of the 50 day moving it would just offer another opportunity to add shares.  Companies like Google don’t come around very often so either way, it will be a win win situation.

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