Tag GOOGL

Google reported Q3 earnings that topped consensus estimates while revenue edged by views as cloud-computing sales growth missed estimates...

A coalition of 33 states, along with nine attorneys general who filed separate lawsuits, sued tech giant Meta Platforms on Tuesday, alleging the company's social media platforms harm children and teenagers...

Resilient advertising revenues helped Google parent Alphabet surpass expectations for sales in the third quarter, though a weaker than expected performance in its cloud computing division disappointed investors. Google’s Cloud division, which turned its first-ever operating profit this year, narrowly missed revenue forecasts, rising 22 per cent to $8.4bn compared to expectations for a gain of about 26 per cent. While the unit remained profitable in the three months to September 30, operating income was lower than in the second quarter of the year. Sundar Pichai, Alphabet and Google chief executive, said: “I’m pleased with our financial results and our product momentum this quarter.”...

Sales at Microsoft have surged as the technology giant cashes in on the artificial intelligence (AI) gold rush in a race against Silicon Valley rival Google...

Overall, it was good bottoming action, with many of the worst-performing stocks finding some bids. Particularly interesting to watch, however, will be how the market handles the reports from Microsoft and Alphabet , both Action Alerts PLUS holdings. Microsoft was hit on a disappointing report last quarter, while Alphabet gapped higher on strong numbers...

Wall Street ended higher on Tuesday as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and sparked a broad rally. All three major U.S. stock indexes advanced, with interest rate sensitive megacaps providing much of the upside lift as benchmark Treasury yields held steady, comfortably below their recent spike to 5%. "The earnings season is only now just getting into full swing with a third of the companies reporting this week," said Thomas Martin, senior portfolio manager at GLOBALT in Atlanta...

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...

Despite posting a double beat in Q3, Alphabet stock is tanking by ~6% in the after-hours session. Find out why GOOG stock is a Buy...

Alphabet reported strong Q3 earnings, beating estimates and showing growth in ad revenue. Find out why GOOG stock is a Strong Buy...