Alphabet Stock Falls Despite Earnings Beat

Shares of Alphabet fell in after hours trading Tuesday despite stronger-than-expected quarterly results from the Google parent.

Alphabet’s earnings report, due after the close of trading on Tuesday, should provide fresh evidence on the current state of the digital advertising environment—as well as important data points on the strength of the cloud computing business. Analysts are optimistic on both fronts. Likewise, Wedbush analyst Scott Devitt wrote in a recent research note that the setup for digital advertising plays remains positive for the second half, with growth rates continuing to accelerate. He also sees potential for operating margin leverage from cost cuts tied to recent staff reductions.

Another focus for investors will be how YouTube’s debut this season of its NFL Sunday Ticket football package is being received by consumers—and whether it is boosting uptake for the YouTube TV subscription service. And of course there will be multiple questions on the call about how generative artificial intelligence—like the company’s Bard chatbot—are impacting both costs and revenue.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chevron, Hess, Roivant, Textainer, Microsoft, Alphabet, and More Stock Market MoversChevron will buy Hess in all-stock deal valued at $53 billion, Roche agrees to buy a developer of a drug for people suffering from inflammatory bowel disease...
Source: MarketWatch - 🏆 3. / 97 Read more »

Alphabet Inc. Cl A stock rises Monday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Here's what all the major analysts are saying about Alphabet before earningsDespite the tech giant's outperformance in 2023, many analysts remain bullish on the stock.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 futures gain as Treasury yields fall further, Microsoft and Alphabet earnings loomJamie Chisholm is a markets reporter based in London.
Source: MarketWatch - 🏆 3. / 97 Read more »