Google (GOOG) Flat Ahead of Q1 Results

Google (Nasdaq: GOOG) is fractionally lower ahead of Q1 earnings due after the close. Analysts are expecting Google to report EPS of $4.54 and revenues of $3.61 billion.

Last quarter, Google delivered a rare disappointment, missing the Wall Street EPS views by 2 cents and falling a little short on the top line too. Google shares dropped nearly 8.6% the day following the report and is down 20% total since the report.

Analysts are still mostly positive on Google (86% Buy Ratings According to Bloomberg), but with recent paid click data showing a slowdown, many are slightly more cautious on this quarter. For all recent and past Analyst�Ratings on�Google Click Here.

According to StreetInsider.com option specialist, Paul Foster, Google April 450 straddle is at $32, May 450 straddle is at $48.10.

You can see all of Google Earnings Related News Here. [LJ]

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