DNS - Google's Q1 Earnings Estimated to be Strong

Hold on to your hats, boys - Google's (News - Alert) first quarter earnings call this afternoon is expected to knock the socks off its competitors, investors and followers.

The Internet giant is expected to report sharp gains in profit and sales when it posts results today. And, I'm talking double-digits here people - a surefire sign that not only is the economic picking up, but Google's initiatives are consistently pushing the company in the right, successful direction.

According to reports, the Internet search giant is expected to benefit from an expanded mix of online advertising and a rebound in consumer spending, such as Google's latest Twitter application where users can search their two month old tweets.

Analysts expect Google to report earnings excluding items of $6.60 a share for the period ended in March, and $4.95 billion in net revenue, according to data compiled by Thomson Reuters (News - Alert).

That compares to earnings excluding items of $5.16 a share, and $4.1 billion in net revenue in the same period last year. However, the sales forecast is flat compared to the prior period ended in December, when Google saw $4.95 billion in net revenue.

We'll all have to wait and see how the company fares in terms of actual reports, but make sure you check back with TMC (News - Alert) for breaking news coverage on the earnings.