Google Inc (NASDAQ:GOOG) Revenue $17.7bn EPS $6.99 [Live Updates]Author: Paul SheaLast Updated: March 12, 2020 Update 16:00 EDT: The market is now closed. Google could report at any time in the next 30 mins. Its conference call is at 16:30 EDT. Shares finished the day up strongly after a bullish day overall.Update 16:01 EST: After a massive 11 percent run up over the last five days, Google stock is right where it was one year ago. Expect a big fall if Ruth Porat and Larry Page come up short this time around.Update 16:03 EST: EPS Came in at $6.99, far ahead of the $6.70 expected. Revenue hit $17.7 billion. Wall Street was looking for $17.4 billion.Update 16:04 EST: Google Sites revenue came in at $12.4 billion, up 13 percent year on year.Update 16:05 EST: Cost per click on Google sites came in down 16 percent year on year. We saw a similar, if not quite as drastic, fall in Q1.Update 16:06 EST: Paid clicks on Google sites is up 30 percent.Update 16:08 EST: Google shares are up strongly on the earnings. They’re finally ahead of where they were last year. Let’s see if that holds through the night.Update 16:09 EST: Shares are now up by over 7 percent in after-market trading. That’s a new all time high if it holds until tomorrow morning.Update 16:11 EST: Number of employees hit 57,142, up 3.1% sequentially. That’s the slowest growth in years, meaning Google is holding true to its promise.Update 16:12 EST: Effective tax rate fell to 21 percent from 22 percent in the same quarter of last year..Google Inc , is set to release its earnings numbers for the three months through June this afternoon, Thursday July 16, after the market closes on Wall Street. The firm’s shares have been through quite a rough patch over the last year, so traders will be looking for something big to move shares upwards.We’ll be posting all the key numbers on this page just as soon as they arrive. For now, however, here’s a look at what Wall Street forecasts Google will come out with today, and the important figures to watch for.Google earnings on the cardsGoogle Inc will show earnings of $6.70 per share according to the mean outlook from Wall Street. Revenue will come in at $17.4bn. In the same three months of 2014 Google showed earnings of $6.24 on revenue of $16.4bn. Growth is still coming at Google , , but it’s not as fast as Wall Street would like.On Thursday BMO Capital analyst Daniel Salmon upgraded Google to Buy ahead of earnings, helping to bolster the firm’s recent rally. Salmon believes there’s upside for Google on Youtube if the firm “1) unleashing the search data set for ad targeting on other O&O properties like YouTube, or perhaps even off-site via DoubleClick or AdSense; and 2) capital return, though it is certainly not expected.”Deutsche Bank analyst Ross Sandler said that the bearish sentiment around the stock was a “contrarian’s dream” heading into earnings. He put a $670 price target on Google stock and said the firm’s prospects look good despite some of the recent headwinds.Piper Jaffray analyst Gene Munster added weight to the bullish argument on Wednesday putting a $630 price target on Google shares. Munster said the mobile segment would be sorted out with CPCs growing higher than on desktop in just two years. Along with that he says Google isn’t “getting much credit for long-term opportunities in connected home, autonomous vehicles, and robotics, although we do note competition growing in each of those segments.”Google investors feel the painOver the last twelve months shares in Google , have been pressured by worries that it had gotten too big and moves by firms like Facebook Inc that compete with it. Facebook is growing faster that Google by some metrics, and it’s starting to push into the Mountain View firm’s business more and more.In the last twelve months shares in the firm have lost just over 1 percent of their value. Google had lose more than 10 percent of its value in the twelve months through July 8, but shares have rallied strongly in the days since.The rally in shares in recent days, driven by high Wall Street forecasts for earnings this time around, means there will be quite a lot of pressure on Ruth Porat, the firm’s CFO to perform. This is Porat first earnings quarter since joining Google.