Google Tells Wall Street To Lower Q4 Estimates

What's Next In Payments®
3:19 PM EST 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.

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