Google: Is The Street Now Too Bearish?

Analysts covering the Internet sector continue to jockey for position ahead of Google’s (GOOG) Q1 earnings report, which is due after the close on Thursday.

As I noted in a post yesterday, there is no clear agreement on what the numbers will look like; after a recent round of estimate cuts, the Street now seems to be wondering if maybe it went too far. I would note that GOOG shares have rebounded 44 percent off the November lows, so there is some risk that even a strong quarter will trigger a round of profit-taking, not unlike what happened in Intel (INTC) shares today. (Although I would also note that, unlike Intel, Google doesn’t ever provide any forward earnings guidance.)

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »