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Google Inc. suspects most analysts who follow the company still included the set-top box division when they were drawing up their fourth-quarter projections. If that's true, the analyst forecasts that steer investor expectations could be envisioning substantially more revenue than Google will report. In the third quarter of last year, the set-top box division generated an operating profit of $25 million on revenue of $797 million Analysts, on average, foresee Google earning $10.57 per share on revenue of nearly $12.4 billion, according to a survey by FactSet. The earnings projections subtracts Google's expenses for employee stock compensation and the revenue forecast reflects how much the company has left after paying commissions to its advertising partners.
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