Google’s Earning Set For Thursday: Will It Be Google’s 1st Down Quarter?

With Google scheduled to report earnings after the close of the market on Thursday, the question is will this be Google’s first down quarter?

Yes amazingly, since going public in August 2004, Google has never had a down quarter; a quarter in which  its gross revenue was lower the previous quarter.

However, according to TechCrunch at least one analyst, J.P. Morgan’s Imran Khan predicted that Google’s revenues will decline 2% from last year,  13% from last quarter and earnings per share will decline 5.5 % from $5.04 to $4.76.

Mr. Khan seems to be relying heavily on February’s comScore numbers showing declines in U.S. search activity (measured in query volume) and his “”own checks with search-engine marketers”" in concluding that commercial-oriented searches took a hit during the quarter.

“”"Finally, Khan believes that about 20 percent of Google advertisers will cut back their spending as a result of tighter credit markets and the general economic downturn.”"

Every quarter there seem to be a lot of good indications that Google numbers will be down or their growth slowed and almost every quarter the experts seem to underestimate Google’s performance.

It will be interesting to see who gets it right this time.

Certainly for domainers the better Google earnings are, the better for domainer.

If Google’s profits get squeezed, domainer will get squeezed out the other end.