Google and Microsoft Shares in High Demand Before Earnings

Google, Inc. (NASDAQ:GOOG) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for profit of $9.03 per share, a rise of 15.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $9.06. Between one and three months ago, the average estimate moved down. It has been unchanged at $9.03 during the last month. Analysts are projecting profit to rise by 20.7% versus last year to $31.75.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of $8.33 per share against a mean estimate of profit of $7.59, and the quarter before, the company exceeded forecasts by 87 cents with net income of $7.66 versus a mean estimate of profit of $6.79. On average, analysts predict $8.4 billion in revenue this quarter, a rise of 31.9% from the year ago quarter. Analysts are forecasting total revenue of $29.32 billion for the year, a rise of 33.3% from last year’s revenue of $22 billion.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO), Baidu.com, Inc. (NASDAQ:BIDU), Apple Inc. (NASDAQ:AAPL), AOL, Inc. (NYSE:AOL), Amazon.com, Inc. (NASDAQ:AMZN), Adobe Systems Incorporated (NASDAQ:ADBE), Demand Media Inc (NYSE:DMD), IAC/InterActiveCorp (NASDAQ:IACI), and Answers Corporation (NASDAQ:ANSW).

Microsoft Corp (NASDAQ:MSFT) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for net income of 77 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 84 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 77 cents during the last month. For the year, analysts are projecting profit of $2.73 per share, a rise of 3% from last year.

Last quarter, the company met expectations by reporting net income of 68 cents per share last quarter. In the previous fourth quarter of the last fiscal year, the company beat estimates by 11 cents. Analysts are projecting a rise of 5% in revenue from the year-earlier quarter to $20.94 billion

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).