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Google (GOOG) and Microsoft (MSFT) are due to report earnings after the bell that could contrast...
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Thursday, July 19, 2012, 9:25 AM ETGoogle (GOOG) and Microsoft (MSFT) are due to report earnings after the bell that could contrast how Google is still a growth story while Microsoft appears to be treading water (until Windows 8?). Google's Q2 EPS is expected at $10.04 vs. $8.74 last year and revenue of +21.6% to $8.41B. Microsoft's FQ4 EPS is seen falling to $0.62 from $0.69 despite revenue of +4.4% to $18.13B.
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Google share price has dropped 50-60 points the day after each of the last two earnings reports. The big question: what happens tomorrow? I've taken an options position that will make a modest gain on the downside but a substantial gain for no change in today's price or a modest increase in price.