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    Google Inc (GOOG) Earnings Preview: Will Tech Giant Beat Estimates In Third Quarter?

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    IBTimes

    by IBTimes

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    After the closing bell on Thursday, Google Inc. (NASDAQ: GOOG) is expected to report fiscal third-quarter EPS of $8.46 on revenue of $14.84 billion, compared with a profit of $6.53 a share on revenue of $11.33 billion in the year-ago quarter. Investors will be keeping an eye on growth in ad revenue and Motorola Mobility sales.

    Shares of Google edged down 0.66 percent to $891.82 in morning trading.

    Before the bell on Thursday, Verizon Communications Inc. (NYSE: VZ) and Goldman Sachs Group Inc. (NYSE: GS) reported third-quarter earnings.

    Despite the U.S. Senate reaching a last-minute deal to lift the country's borrowing limit, stocks opened lower on Thursday.

    The Dow Jones industrial average fell 122.34 points, or 0.8 percent, to 15,251.49. The S&P 500 Index lost 5.5 points, or 0.32 percent, to 1,716.04. The Nasdaq Composite dropped 14.917 points, or 0.39 percent, to 3,824.513.

     

    Video Credit: Reuters