Earnings Season: JP Morgan, Google and GE banking on profits

Earnings Season really gets under way this week with more than 70 large multi-nationals reporting for Q2. Saxo’s Mads Koefoed says technology giant Google is expected to show solid improvement in earnings per share (eps) compared to a year ago but a decline in revenue. Up until 2013, the company showed revenue growth of between 15-20%. However, since then its market share has begun to decline which Koefoed expects to continue. He says the firm needs to focus on mobile ad revenue instead of desktop. J