Tag GOOGL

Not only did Google Cloud grow at a faster pace at a larger scale, they did so at much higher profitability than ever before...

Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence...

Meanwhile, Chipotle and AMD beat on earnings but are sliding in late trading on weaker guidance...

(Bloomberg) -- Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence.Most Read from BloombergThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkInside NYC’s Playbook for Getting Federal Grant FundsA Courtyard Apartment Building Designed for Southwe...

Although the revenue and EPS for Alphabet (GOOGL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...

Alphabet announced third quarter earnings, kicking off a week of Big Tech results...

Alphabet (GOOG, GOOGL) exceeded Wall Street expectations in its third quarter results, revealing exceptional growth in its cloud business segment. The tech giant reported adjusted earnings of $2.12 per share, above the $1.84 analysts expected. Revenue reached $88.27 billion, topping the estimated $86.45 billion. Google Cloud performance was particularly strong, with revenue of $11.35 billion outpacing estimates of $10.79 billion. "They're executing extremely well on the cloud side of things," CFRA Research Senior Equity Analyst Angelo Zino tells Market Domination Overtime. He highlights that the cloud division achieved its highest-ever operating margin at 17% this quarter. Zino identified AI evolution in search as the primary challenge facing Alphabet, noting it's been a key reason investors have been "hesitant on the Alphabet story." However, he remains optimistic about the company's trajectory. Although this will be "a trying time" for the company, Zino said he is "encouraged with how they're adapting to things here," pointing to their innovation efforts. He concludes that the company is "well positioned" against competitors in the long-term search market. These are the remaining Magnificent Seven tech stocks scheduled to report earnings this season: Meta Platforms (META) and Microsoft (MSFT) — Wednesday, October 30 Amazon (AMZN) and Apple (AAPL) — Thursday, October 31 Nvidia (NVDA) — Wednesday, November 20 To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith...

Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms. Alphabet's stock rallied 4% in extended trade after it topped quarterly revenue expectations, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services. Meta Platforms and Amazon, both rivals of Alphabet in advertising and AI, each gained over 1% following the Google owner's report...

Alphabet reported third-quarter earnings and revenue that beat Wall Street estimates. The Google parent posted earnings of $2.12 a share for the period ending Sept. 30. Last year, Alphabet reported revenue of $76.69 billion...