GOOG Gets Ready for Its Big Day

Posted on Wednesday 19 April 2006



GOOG traded up over 6 points on Wednesday to close at $410.50, as the company prepares to announce its Q1 earnings report on Thursday afternoon. Investors are obviously waiting on the sidelines right now, as volume was non-existant on Wednesday, with only 6.7 million shares of the stock traded, compared to a normal daily average of just over 14 million shares. Analysts are expecting earnings of $1.98 per share for the March quarter, with revenue expectations of $1.44 billion dollars. Analysts are also expecting sales growth of around 81.7% for this quarter compared to the same quarter last year. GOOG is currently trading about 65 points under its 52 week high of $475.11.



Sorry, the comment form is closed at this time.