After the markets close on Wall Street, Eric Schmidt and company open the hotly anticipated fourth quarter and full year 2007 results discussion. Recent performance has investors wondering if Google has finally hit the law of large numbers and settled into a certain band of financial performance.
At the end of December 2007, Google's stock closed at $691.48. Yesterday's close of $548.27 will be followed by a morning open of $539.60 as after hours trading pushed the stock down 1.58 percent. Estimates that have gone as high as $900 per share look fanciful at best right now.
Whatever happens, it appears the ruling triumvirate of co-founders Larry Page and Sergey Brin, and CEO Eric Schmidt, will be around for a while to ride things out. The trio told CNN Money they plan to work together for 20 years.
Analyst estimates for Google predict Q4 2007 earnings of $4.45 per share, with the company likely reporting revenue of $3.45 billion for that period.
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