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Google’s Q3 Estimates Shows A Rosy Picture

Analysts are anticipating Google to post robust third-quarter results coupled with significant recovery in revenue growth, driving shares of the search engine giant to reach a one-year high.

Google’s chief executive Eric Schmidt has already announced that the worst of the economic recession is ended, framing-up financial prospects for the third-quarter net revenue to register a subtle increase.

Revenues for the search giant plunged for the first time in the first quarter from the same period a year ago, while second quarter revenues remained somewhat steady.

A series of estimates depicting a strong third-quarter performance by the search company further strengthened the faith of the investors with Google’s stock reaching to $525.76 early Monday, showing a notable 1.8 percent hike, and making the company’s value worth $160 billion.

The average analyst estimate excluding traffic acquisition charges, the part of the sales in which the Google’s partners have their shares, is found to be clocked at around $4.23 billion, registering a 3.7 percent rise from the last quarter and 4.7 percent on year-on-year basis.

However, Google is still not matching its previous standards, and seems to be struggling to attain the double-digit growth it once enjoyed, as its ventures into comparatively new domains, including smartphone as well as internet display advertising, are yet to yield substantial results.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.