Google Tells Wall Street To Lower Q4 Estimates
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.