Google Inc(NASDAQ:GOOG) is slated to report its second quarter financial results late Thursday and analysts are estimating the company to report double digit growth both in its bottom line and top line. Average analysts are estimating the search engine giant to earn $10.05 a share, up from a year ago profit of $8.74 a share. The high EPS estimate calls for $10.53, while the low estimate states $8.06 a share. Revenue is also expected to grow 21.60% year over year to $8.41 billion, from $6.92 a year ago quarter.
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Moreover, this is going to be the company’s first quarterly earnings after an acquisition of Motorola Mobility. Shares of GOOG have lost over 4% since it reported its first quarter earnings, while shares are down 10.10% so far this year. Following are the brief overview of the company’s past reported EPS and estimate by analysts:-
On the other hand, SanDisk Corporation(NASDAQ:SNDK) is expected to post another poor quarter on Thursday afternoon with analysts are targeting the company to earn 19 cents a share on revenue of $1.02 billion, well below a year profit of $1.14 a share on revenue of $1.37 billion. Shares of the company have tumbled about 16% ever since it reported last quarterly earnings.
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In April, the company had warned that oversupply and lower demand could dampen its second quarterly earnings and as a result the stock slumped. Moreover, investors would watch for company’s gross margin, which had crashed to 33% in first quarter from 42%. Following are the brief overview of the company’s past reported EPS and estimate by analysts:-