3 Things The Street Is Expecting From Ruth Porat Today In Her First Earnings Call As Google's CFO

Google Inc GOOGL is scheduled to report its second-quarter numbers after the closing bell on Thursday. Scott Kessler, S&P Capital IQ analyst, was on CNBC to discuss the things to look out for in Google's numbers and the Street's expectations from Ruth Porat.

Things To Lookout For

"There is no question that currency is going to be a major issue for Google," Kessler began. "And frankly a number of internet and technology companies, with International exposure Google derives more than half of its revenues from overseas. So, that definitely is something to watch. In addition, we think, Google is going to benefit due to the sale of Motorola Mobility and the related assets and operations. And we think more favorable trends when it comes to mobile, both search and advertising."

Expectations From Ruth Porat

Kessler was asked what he expects from Ruth Porat in her first quarterly earnings declaration as the CFO of Google. He replied, " I think, three things come to mind with respect to Ruth Porat. She joined really within the last month, month and a half. This is going to be her first quarterly conference call. I think, number one we want to see...more discipline when it comes to cost, expenses, capital expenditures."

"Number two, we want a better understanding as to some of the Google's major businesses -- YouTube comes to mind -- more transparency in numbers would be appreciated."

"And three and perhaps most importantly people want an understanding as to whether Google is moving in the direction of capital allocation for buybacks and dividends. If you look at the biggest companies in the S&P 500, Google stands out as one of the few that doesn't have a buyback in place and doesn't have a dividend," Kessler concluded.