Strategist Sees 3.6% Move Post-Earnings For Google

Google Inc GOOGL might move about 3.6 percent following its first quarter earnings release later Thursday, JJ Kinahan told Benzinga. Kinahan, chief strategist for TD Ameritrade, made the forecast based on the record of recent trading in Google options. Kinahan said there's been "nothing huge" in terms of recent Google options trades. Wall Street expects Google's first quarter earnings to grow 5 percent to $6.61, while revenue is forecast to increase 15 percent to $14 billion. Google's stock traded recently up $9.38 to $558.53. During the past three months, Google is up about 3 percent, versus a more than 6 percent gain for the Nasdaq Composite Index.