GOOG Google: Oppenheimer anticipates strong 2Q results, raises their long-term outlook (421.46 )
Oppenheimer notes GOOG is scheduled to report 2Q results July 20th after market close. The firm anticipates 2Q results in line with their estimates, with upside likely based on strong sequential increases in search query volumes (reported by comScore). They think continued focus on advertiser services and user experience is likely to result in additional market share gains. Firm is leaving their 3Q and 2006 estimates unchanged, and raising their 2007 top and bottom-line ests. For Q3, firm expects net revenue of $1.80 bln (consensus $1.75 bln), EBITDA of $1.04bn, and EPS of $2.38 (consensus $2.31).