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Google Earnings Report The Center of Attention For Wall Street

Posted by Brian Krassenstein on Oct 14th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Google Earnings

Google about to release their 2010 quarter 3 earnings

Every 3 months Wall Street turns their attention to the quarterly earnings of technology giant, Google. Google, which runs the largest search engine on the planet, has been setting their sites or other areas besides just search as of late.

Analysts expect earnings for Google to be somewhere around $6.68 per share on revenue of $5.27 billion for the 3rd quarter. Most on Wall Street are expecting a rather nice quarter from the company after recent reports have shown that internet advertising is once again on the upswing. As the economy rebounds companies seem to be turning more and more towards the internet to advertise rather than traditional media like television and newspapers.

Last year Google reported Profits of $6.520 billion, on revenues of $23.6 billion. Despite what this quarter’s earnings report looks like, the future of Google seems promising. Google TV has just launched, which some experts think could be the next big thing in the television industry. In addition to this, Google has made several key purchases over the last 9 months that are sure to make them at least somewhat competitive in the social networking realm. In Just a few minutes, we will be able to analyze their earnings report.

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