Google's Revenue Tracking Below Street Expectations - Piper

by: Notable Calls March 25, 2008 | about stocks: GOOG    
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Piper Jaffray comments on Google (NASDAQ:GOOG) ahead of tonight's comScore data:

comScore data for the month of January was tracking down 9% month over month. The Street is modeling for an 8% sequential increase in March quarter ad revenue.

While Piper believes the second month of comScore data will suggest an improving trend in the quarter, they expect the data will likely continue to predict a slight revenue miss for Google. They believe the first two months of comScore data for the March quarter will suggest Google's revenue will be tracking flat to up five percent sequentially, which is below the Street's up 8% expectation

Notablecalls: Remember, Piper's Gene Munster is the most bullish analyst on GOOG. I expect his call regarding a possible rev miss to send GOOG shares lower in the early going.

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This article has 1 comment:

  •  
    Mar 25 07:44 AM
    I've heard anecdotally from some AdSense customers that revenue per click was down sharply in January, and has recovered in February but not to December levels.
    Reply | Link to Comment
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