Google set to calm tech jitters?
Industry watchers are hoping that Google will this week calm the economic uncertainty surrounding the tech industry, when the company reports its fourth quarter earnings on Thursday.
With the world’s stock markets in turmoil and leading industry figures such as Intel recently posting below-par results, much is resting on the shoulders of the search giant.
Google has consistently beaten analyst’s expectations over the years, and to heap further pressure on the company, it is once again predicted to over-perform.
Analysts are forecasting that the company’s revenue will grow by 54%, with earnings per share rising by around 35%, according to the Financial Times.
However, Google isn’t without its problems. As well as combating a global slowdown in advertising spending, the company has become embroiled in a potentially damaging row with European politicians and privacy advocates regarding its potential takeover of online advertising firm, DoubleClick.
Google isn’t the only major tech firm reporting results this week. Sony is also due to report its third quarter earnings on Thursday, with analysts predicting healthy results on the back of strong sales of LCD screens, digital cameras and VAIO laptops over the Christmas period.
Vodafone, Canon, Toshiba and Yahoo are also reporting financials this week, giving tech investors plenty to think about.