Google earnings for the second quarter come out after the bell today - with most analysts expecting a strong quarter.
Google Inc. (Nasdaq: GOOG) is expected to report Q2 earnings of $10.78 per share on revenue of $14.45 billion. That compares with a $10.12 EPS profit on revenue of $9.61 billion in the same quarter a year ago, according to analysts polled by Reuters.
Google has become the tech darling among analysts disenchanted by Apple Inc. (Nasdaq: AAPL) and not at all impressed with Facebook Inc. (Nasdaq: FB).
In fact, Money Morning tech specialist Michael A. Robinson told Money Morning members on July 9 how Google stock is poised to gain roughly 50% by the end of 2015, after a stellar two-year run of 70% gains.
Monday, GOOG hit a high of $928. Shares are up 30% year-to-date, compared to the Standard & Poor's 500 Index gain of about 18%. Giddy investors are hoping Q2 numbers will be great enough to propel the stock over the $1,000 per share threshold.
However, even if investors don't get $1,000 a share, they just might get a stock split. Earlier this year, the Mountain View, CA-based company reached a legal settlement allowing it to split its stock for the first time ever.
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