Investors have muted expectations for Google's second-quarter results, as economic clouds and shifts in the company's strategy dampened hopes that it will beat Wall Street estimates.
At least three analysts have cut financial estimates for Google in the run up to its second-quarter earnings report due late Thursday.
"There's no question that sentiment going into the quarter is much lower," said Cowen and Co analyst Jim Friedland.
With fears of a double-dip recession and ongoing worries about the European debt crisis, Wall Street is taking a cautious view on the Internet powerhouse, which counts Britain as one of its biggest overseas markets.
Google's future in China, where the company's license was recently renewed for one year, is also a concern for investors.
Analysts believe Google's core search advertising business continued to perform strongly during the second quarter, contributing to a more than 20 per cent jump in net revenue.
