Alphabet Stock Jumps on Google Cloud Growth and AI Messaging

Internet giant Alphabet, owner of Google reported better than expected in second quarter earnings after the close Tuesday. $GOOG reported adjusted earnings per share of $1.44, ahead of the $1.34 expected by a Refinitiv survey. Revenue for was $74.6 billion, beating a consensus estimate of $72.82 billion, the second straight quarter of accelerating growth following. Cloud revenue grew 28% year-over-year and reported operating income for the second quarter in a row ahead of expectations. Shares of Alphabet rallied more than … Continue reading “Alphabet Stock Jumps on Google Cloud Growth and AI Messaging”

Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls

Internet giant Alphabet, owner of Google reported worse than expected third quarter earnings after the close Tuesday. $GOOG total growth of 6% was the weakest period of expansion since 2013, other than one period during the pandemic. Google advertising, which includes search and YouTube ads again continued to lose momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Revenue at YouTube actually declined when analysts were expecting growth of about 3%. Alphabet Reported ThirdQuarter Earnings After the Close … Continue reading “Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls”

Alphabet Earnings Growth Slows as Advertising Loses Momentum

Internet giant Alphabet, owner of Google reported worse than expected second quarter earnings after the close Tuesday. $GOOG reported the slowest quarterly sales growth in two years. Google advertising, which includes search and YouTube ads lost momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Alphabet Reported ThirdQuarter Earnings After the Close Tuesday $1.21 Missed $1.32 EPS Forecast and $69.69B Missed$70 billion Forecast Conference call: 4:30 p.m. Earnings Alphabet second-quarter revenue was $69.69 billion, up 13% from … Continue reading “Alphabet Earnings Growth Slows as Advertising Loses Momentum”