Google Tells Wall Street To Lower Q4 Estimates

What's Next In Payments®
3:19 PM EDT January 18th, 2013

Google has issued a blog post warning Wall Street estimates that their Q4 earnings estimates for the company are too high, notes All Things D.

Google is hinting that its predicted Q4 revenue of $12.4 billion will be around $1 billion less thanks to the selling of its Motorola set-top-box unit.

“As of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates,” wrote Brent Callinicos, chief accountant.

Google is set to hold its Q4 2012 earnings call on Tuesday, January 22.

Read the full story here.

Comments
Also by This Author
What's Hot
Company Spotlight
MasterCard Forecasts Future of Biometric Payments
News
Shopper Gets 422 Million Amex Reward Points – But Why?
News
Amex Gets Booted Out Of Costco Canada
News
SEC Investigates Western Union Over Digital Revenue Projections
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Hmmm
Alibaba IPO Is Done, So Now What?
Uncategorized
flem
Webinars
Defining the Future of Payments Security
B2B Payments
Innovating ERP With Analytics
View All Articles ››