Peter Kafka

Recent Posts by Peter Kafka

Business as Usual Again for Google: Wall Street Expects Big Things

rocket

Hard times? Sure, for mere mortals. But at Google, things are back to normal: The company signaled months ago that it has made it through the recession without much problem. And if that wasn’t clear enough, the company underscored the point by embarking on a serious shopping spree, which hasn’t ended.

Wall Street has gotten the message. It expects serious numbers when the search giant hands in its earnings report card this afternoon. As Silicon Alley Insider notes, analysts are expecting double-digit revenue growth from Google (GOOG) for the first time in a year.

Per Citigroup’s (C) Mark Mahaney, here’s a detailed breakdown of Wall Street’s expectations (click to enlarge):

google cheat sheet

Once Google reports, there will be plenty to talk about beyond its core financials, of course: Competition from Microsoft (MSFT) Bing, plans for mobile (Android, NexusOne, AdMob), YouTube’s profit potential, etc. I’ll be covering both the initial numbers and the subsequent analyst call, starting at 4 pm Eastern.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”