3. Google ( GOOG) has its major focus on improving the way people connect with information. It's major revenue source is online advertising. The company is scheduled to release its 2011 fourth-quarter results on Jan. 19.

As per the consensus estimates of analysts polled by Bloomberg, the company is likely to report net income of $3.45 billion on sales of $8.4 billion, compared to net income of $2.85 billion on sales of $6.4 billion recorded in the 2010 fourth quarter. For the quarter, Google is likely to report earnings per share of $10.48 per share, up from $8.75 in the earlier quarter.

Operating profit and EBITDA is seen increasing by 23% and 35%, respectively. Gross margin is seen expanding to 85.86% from 65.09%. Additionally, cash flow per share is seen rising to $12.24 from $11.02.

Of the 41 analysts covering the stock, 85% recommend a buy, while the remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 16.5% to $733.47 in the upcoming 12 months.

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