Google Inc. (NASDAQ: GOOG) reports it's quarterly earnings Thursday after the closing bell. On average analysts expect the fast-growing tech giant to earn a whopping $6.67 per share. The street high estimate is at $7.10 which would greatly impress investors. Last quarter the company reported $6.45 per share.
Google's share price had taken a hit in recent months when the company announced that it would be pulling out of China. This move would leave Google's China market share in the hands of Baidu. However, since then Google's stock price has crept back up from its $433 low in July.
The company has launched several additional features on its web site, appealing to users. For instance the Google instant search makes searching happen in the blink of an eye. The firm also launched "goo.gl" for URL shortening, and has bought a small company called BlindType. The purchase of the company could add new features to Google's rapid selling Android operating system which has been taking market share away from the competitors. Although Google currently lacks a profit model for its top selling operating system, the phones are allowing more people to use the Internet on the fly; this in turn will allow customers to use Google.com and its services more often.
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