Alphabet (GOOGL) falls 3% immediately following results
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Go back to Alphabet (GOOGL) falls 3% immediately following results
July 25, 2017 7:59 AM EDT
Morgan Stanley lowered its price target on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to $1,040.00 (from $1,050.00) while maintaining a Overweight rating.
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July 24, 2017 4:09 PM EDT
By David Ingram and Rishika Sadam
SAN FRANCISCO (Reuters) - Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet.
Alphabet, the owner of Google and YouTube, said it made $3.5 billion in net income on sales of $26 billion. The profit would have been much larger but for a record $2.7 billion European Union antitrust fine.
Still, the company noted that costs were rising faster than sales and... More
July 24, 2017 4:02 PM EDT
(Updated - July 24, 2017 4:05 PM EDT)
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported Q2 EPS of $5.01, $0.52 better than the analyst estimate of $4.49. Revenue was $26 billion, versus the consensus of $25.64 billion.
"With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams," said Ruth Porat, CFO of... More
July 24, 2017 2:54 PM EDT
Odeon analyst Jahanara Nissar commented on Alphabet (NASDAQ: GOOGL) ahead of the release of second quarter results after the bell. In her view, it could be a mess quarter, and that's never a good for a stock.
"Expectations are moderate but there are many moving parts that could leave sentiment and positioning unchanged,... More
