| Google Says Wall Street Analysts Have Its Q4 Earnings Estimates Set Too High
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msg:4537196 | 6:31 pm on Jan 18, 2013 (gmt 0) |
Here’s one you don’t see everyday: Google telling Wall Street analysts that their estimates are too high.
Google issued the heads-up this morning, via a blog post on its investor relations page, ahead of Q4 earnings on Tuesday.
The gist: Google is selling off its Motorola set-top-box unit — its “Home business,” so it’s not going to include numbers from that group in its main report.
But apparently the Street hasn’t figured that one out. “As of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates,” writes chief accountant Brent Callinicos.
Google Says Wall Street Analysts Have Its Q4 Earnings Estimates Set Too High [allthingsd.com] |
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Here's the link to Google's post.
[investor.google.com...]
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