Google Earnings after the Bell
Google (symbol GOOG) will be announcing earnings today after the closing bell. The economy is clearly in a slowdown, but how will it affect Google’s earnings? Remember, they are an advertising company and in a downturn, many businesses begin to pull back their spending on advertising. Not to say this is what a business “should” do - advertising is an investment and can make or break a product. Will Google’s numbers be a reflection of the economy as it is? Or could we be surprised by Google and see an upturn in profits, which might preface a nearer-term rise in economic growth?
