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Strategies & Market Trends : Befriend the Trend Trading
SPY 684.83+0.6%Dec 22 4:00 PM EST

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To: TraderWithNoName who wrote (37574)6/14/2005 7:35:42 AM
From: Dr. Stoxx  Read Replies (1) of 39683
 
07:33 GOOG Google: Trimming top line forecasts for Q2 due to overseas seasonality - Susquehanna (282.75 )

-Update- Susquehanna notes that in the near-term, they are somewhat more cautious in their outlook due to greater seasonality than expected overseas. This should mean Google's revenue is in-line with revised estimates when it reports July 21, rather than producing the significant upside seen last quarter. Firm cuts their net rev est for Q2 to $832 mln from $856 mln, essentially in line with the consensus average but below the high-end of expectations near $855 mln-$865 mln. Firm trims their pro forma EPS est to $1.29 (ex stock compensation) from $1.31, as they believe hiring may once again be below expectations, allowing Google to deliver EBITDA margins of 69%, in line with Q1 results.
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