Tuesday, April 14, 2009

How Bad Was Google’s Quarter?

"As investors wait for Google to announce first quarter earnings later this week, the question is how bad will it be? J.P. Morgan analyst Imran Khan put out a note this morning predicting that revenues will actually decline 2 percent from last year and will be down 13 percent from last quarter. (His prior estimate was for 5 percent growth). Khan also revised his pro forma EPS estimates down 5.5 percent from $5.04 to $4.76."


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