Alphabet set to report Q2 earnings results after the bell

The Google parent company is expected to post growth for its second quarter, which included a slew of AI announcements and more layoffs.

Analysts will be watching to see if Alphabet, which has outperformed other internet and software megacaps through the year, can keep posting steady growth.Analysts will be watching to see if Alphabet, which has outperformed other internet and software megacaps through the year, can keep posting steady growth amid tougher comparisons from the year prior.

Though Google announced several fixes to remedy AI Overview issues, it came as the latest of several AI product launch mishaps by the search giant, which for some have called into question whether the company can safely rollout AI products at the speed of competition. It also remains unclear just how much revenue growth these new products will generate from users and advertisers alike — a key discussion topic expected on Alphabet's earnings conference call.

Alphabet also faces questions about a potential new deal, which would reportedly be its largest-ever acquisition. Google is in advanced talks tofor $23 billion, according to a person familiar with the matter who told CNBC the deal is expected to close"soon." The acquisition would help bolster Google's cloud unit revenue and comes shortly after the company reportedly

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.

Alphabet earnings preview: Cloud remains a bright spotAlphabet earnings preview: Cloud remains a bright spot
Source: Investingcom - 🏆 450. / 53 Read more »

A bullish options bet that will pay off if Tesla and Alphabet rally after earningsEarnings season is heating up, as Tesla and Google-parent Alphabet are set to report their latest results after the bell Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet set to report Q2 earnings results after the bellGoogle’s parent company is expected to post growth for its second quarter, which was filled with AI announcements.
Source: nbcchicago - 🏆 545. / 51 Read more »

Alphabet's Earnings Preview: Steady growth and a focus on its AI storyAlphabet, Google's parent company, is scheduled to report second quarter earnings on 23 July 2024 after US markets close. Here's a breakdown of what to expect and watch for.
Source: DailyFX - 🏆 305. / 63 Read more »