Google slips of record highs ahead of its fourth quarter earnings announcement
Google is down 0.54% at $853.78 a share ahead of its fourth quarter earnings announcement on Thursday afternoon.
Here are Wall Street's expectations, according to analyst estimates compiled by Yahoo Finance:
- Revenue: $25.2 billion, up 18% year-on-year.
- EPS (adjusted): $9.67
Besides the numbers, analysts will also be looking for more evidence of Google's ambition to become a hardware company. Its first-ever phone, the Google Pixel, launched to positive reviews, but has struggled to meet demand. Google also released Google Home, an Amazon Echo competitor, and Daydream View, a virtual reality headset for the Pixel, as well as a small number of other Android phones.
Investors will also be on the lookout for "Other Bets", or the separate companies exploring ambitious new businesses, made by Google's parent company, Alphabet.
On the earnings call, investors will be looking for signs of progress in some of these businesses, as well as an update from Alphabet on its commitment and broader strategy.
