How to Read Google's Earnings Today

Wouldn’t it be great to hear Google discuss its interest, or lack of it, in a Time Warner bid today, during its Q2 earnings call?

But since Google has a long-established record of saying next to nothing about anything, no need to spend a minute wishing for that scenario. Instead, here’s what Wall Street thinks will happen today: Google will report net revenue of about $12.3 billion and earnings of $6.25 a share.

Analysts also expect that Google will report that the cost of its ads will have decreased, as they have for some time, presumably because of the growth of low-cost mobile ads.

You want surprises? Google executives can still deliver earnings surprises on occasion. Last quarter, for instance, they told Wall Street that they had spent more money than analysts had expected, because of their $3 billion Nest deal. Hard to see a version of that this quarter, but that’s the whole point of a surprise.

Here’s RBC analyst Mark Mahaney’s always-helpful cheat sheet to help you gauge the company’s results today. We’ll be back this afternoon for the numbers and the call:

This article originally appeared on Recode.net.

Contributions are a key part of the future of Vox

Readers rely on Vox for clear, nuanced coverage that not only illuminates the issues, but poses solutions, too. And we rely on help from our readers: Advertising and grants cover the majority of our costs, but we count on contributions to help us close the gaps in our budget. In fact, we’re looking to reach 95,000 individual contributions before the end of the year. Will you make the next contribution right now? Our average gift is just $20 — and it goes a long way in helping us keep our work free. Vox is here to help everyone understand what’s shaping the world — not just the people who can afford to pay for a subscription. We believe that’s an important part of building a more equal society. Join that mission by making a contribution today.

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via