According to Bambi, analysts are confident in their projections for Google’s Q1 earnings.
[Google is] expected to post earnings excluding stock-based compensation of $1.97 a share, up 53% from the year-earlier period’s $1.29 a share.
Sales excluding expenses Google pays to its distribution partners are estimated to grow 85% to $1.47 billion from $795 million.
We’ll know if they’ve got it right, when Google announces after the closing bell today.
UPDATE: Here’s the official numbers…
Net income for the first quarter rose to $592 million, or $1.95 per diluted share, compared with the year-earlier quarter’s $372 million, or $1.29 per diluted share. Revenue rose 79 percent to $2.25 billion — compared with Wall Street forecasts for 63 percent to 78 percent growth.