Tag GOOGL

Google stock initially rose on Q2 results, but then reversed down as management signaled higher expenses in the September quarter, curtailing margin growth...

Google’s advertising sales growth slowed in the second quarter, putting a damper on parent Alphabet primary revenue engine as it pours more money into artificial intelligence investments. Alphabet reported that its Google division generated $64.6 billion in ad sales from April to June, an increase of 11.1% from the same period last year. Shares in Alphabet were down 1.4% during after-hours trading after Chief Financial Officer Ruth Porat indicated third-quarter operating margins would be crimped by investments in technical infrastructure and the cost of launching new hardware products, such as the Pixel phone...

On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the major Big Tech earnings. The major market averages (^DJI, ^IXIC, ^GSPC) closed just below their flatlines as stocks eyed second quarter earnings from Magnificent Seven members Alphabet (GOOG, GOOGL) and Tesla (TSLA). Google's parent Alphabet posted second quarter earnings that beat analyst estimates on both the top and bottom lines. The company reported earnings per share of $1.89 versus an estimate of $1.84. Revenue of $84.74 billion topped estimates of $84.37 billion, while revenue ex-TAC of $71.36 billion was better than the Street's expectations of $70.7 billion. CFRA Research senior equity analyst Angelo Zino characterizes the results as "solid," but notes that the it fell short of the significant beats investors have come to expect from Big Tech, describing it as "more of an in-line type quarter." Meanwhile, Tesla (TSLA) reported second quarter adjusted earnings per share of $0.52, missing Street expectations of $0.60. Free cash flow also fell short, $1.34 billion versus the estimated $1.92 billion. Revenue, however, was a beat of $25.50 billion versus the estimated $24.63 billion. Gross margin of 18% was better than the expected 17.4%. As investors wait to hear more about Tesla's robotaxi plans after delaying the launch, RBC Capital Markets global autos analyst Tom Narayan argues, "I know they said it had some design issues, but I do wonder, and many investors wonder, if it has to do with them trying to get regulatory approvals to launch a service similar to, let's say, Waymo or Cruise have." He says that investors "want something real" on this front, rather than "a bunch of PowerPoint slides." He continues, "When they eventually unveil this, I think they'll want details on timing, profitability, and they'll want something within six months to a year, not ten years down the road." This post was written by Melanie Riehl...

We recently published a list of 10 Best AI Stocks to Buy Based on New AI ETF. Since Alphabet Inc. (NASDAQ:GOOG) ranks 5th on the list, it deserves a deeper look. Over the past few months the market has seen a massive influx of AI-related ETFs as investors look to ride the bandwagon of AI investing. […]...

The headline numbers for Alphabet (GOOGL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals...

Alphabet (GOOGL) delivered earnings and revenue surprises of 2.16% and 1.07%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?...

Alphabet (GOOG, GOOGL) has released its second-quarter earnings report, narrowly surpassing expectations on both revenue and profit. CFRA Research senior equity analyst Angelo Zino joins Market Domination Overtime to provide insight into these results. Zino characterizes the results as "solid," but notes that the it fell short of the significant beats investors have come to expect from Big Tech, describing it as "more of an in-line type quarter." A closer examination of individual segments reveals "mixed results relative to expectations," though Zino emphasizes that the overall report is strong and suggests the margin story is "underappreciated." Regarding AI initiatives, Zino describes Alphabet's progress as "pretty incremental," noting he doesn't observe a "massive pivot" towards AI monetization. However, he highlights that investments in the cloud business are bearing fruit, "support[ing] better than expected numbers on its cloud side of things." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith...

Alphabet shares were down nearly 2% in after-hours trading following a quarterly earnings release from the company that showed ad sales growth slowing. Here are the key numbers from the parent company of Google and YouTube. + Ad sales at the Google unit increased 11.1% from the same period last year...

UPS stock sinks after the shipping giant posts earnings that missed estimates, while GM falls even after the auto maker boosts its outlook. Tesla and Alphabet are scheduled to report earnings after the closing bell Tuesday...