Tag GOOGL

Parent company Alphabet reports an 11% increase in revenue, driven by strength in search-engine ads...

Google-parent Alphabet's cloud business crawled to its slowest in at least 11 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and show the cloud business remains competitive against a more powerful Azure from Microsoft and Amazon.com’s AWS. Fears of a slowing global economy have prompted companies to curb spending on cloud-related services, including expensive AI tools, which has slowed revenue growth at Google's cloud unit to 22.5% in the third quarter, from 28% in the prior three-month period...

While the top- and bottom-line numbers for Alphabet (GOOGL) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values...

Cathie Wood's robotaxi future may have somewhat come into fruition as multiple companies have deployed driverless cars to roam the roads and take passengers. In a brief statement, the California Department of Motor Vehicles has suspended the permits of General Motors -backed Cruise within the state, citing that its vehicles are "not safe for the public's operation" and that the cars pose "an unreasonable risk to the public." Both Cruise and Alphabet subsidiary Waymo have been under fire by local authorities, motorists and the general public ever since they were allowed to provide 24-hour rideshare services around the San Francisco area and in other U.S. cities...

“We believe it would be imprudent to provide formal guidance for Q4,” the Snapchat parent said, although it disclosed an “internal forecast.”...

Strong growth in Search and YouTube, and momentum in Cloud drive financial performance...

Summary of key earnings from Big Tech companies...

Alphabet Inc. (GOOG) delivered earnings and revenue surprises of 6.90% and 1.45%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?...

Alphabet (GOOGL) delivered earnings and revenue surprises of 6.90% and 1.45%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?...

Google parent Alphabet (GOOGL, GOOG) reported third quarter results that topped Wall Street expectations. The tech giant reported adjusted earnings of $1.55 per share versus estimates of $1.45 and revenue of $64.05 billion compared to expectations of $63.04 billion. Revenue for its cloud unit, however, fell short, $8.41 billion compared to the estimate of $8.6 billion. Roth MKM Managing Director Rohit Kulkarni describes the quarter as having "a lot of positives with a slight yellow flag." When it comes to AI, Kulkarni describes how Google is considered a "godfather of AI," but that they "lost the mojo with AI earlier this year and they are starting to regain some of it back... they're still in search of that killer AI app." Watch the video above to find out what Kulkarni has to say about Alphabet's search for a new CFO. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...