Earnings Preview: Will Tech Giants Google, Yahoo Smash Q1 Expectations?

3 MIN:27SEC
Category: Companies / Apr 15, 2014 1:16PM EDT

Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., previews this week's earnings from the technology sector, including Yahoo! Inc. (NASDAQ: YHOO) on Tuesday and Google Inc. (NASDAQ: GOOG), (NASDAQ: GOOGL) on Wednesday. 

Yahoo is projected to report fiscal first-quarter earnings of 30 cents per share on revenue of $1.08 billion, compared with a profit of 35 cents a share on revenue of $1.07 billion a year earlier. Meanwhile, Google is expected to report fiscal first-quarter earnings of $5.29 per share on revenue of $15.54 billion, compared with a profit of $4.97 a share on revenue of $13.97 billion in the year-ago period.

On Tuesday, shares of Google (GOOGL) fell 2.61 percent to $530.99 in afternoon trading, while shares of (GOOG) dropped 2.62 percent to $518.57. Yahoo (YHOO) stock lost 2.26 percent to $32.69 ahead of its earnings announcement.