News Formal

Alphabet Stock Surges 10% on Back of Blowout Earnings

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The strong report led at least nine Wall Street firms to raise their price target on the stock.

Alphabet reported earnings per share of $30.69, compared to the $27.34 expected, according to Refinitiv. It also posted a large revenue beat, coming in at $75.33 billion compared to the $72.17 billion estimated.

The company relies heavily on Google's advertising revenue, which jumped in the quarter. Revenue for the segment came in at $61.24 billion for the quarter, up 33% from $46.2 billion in the same period a year earlier. "Very robust advertising revenue growth implies the overall demand environment has stayed healthy amidst volatile supply chain and macro uncertainties," MKM Managing Director Rohit Kulkarni said in a note to investors.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 545. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Alphabet, AT&T, Tesla, Moderna: What to Watch When the Stock Market Opens TodaySony’s U.S.-listed shares rose premarket after the company’s videogame unit said it was buying Bungie; Cabot rose after lifting guidance.
La source: WSJ - 🏆 98. / 63 Lire la suite »

5 Things to Know Before the Stock Market Opens TuesdayU.S. stock futures pointed to a relatively flat open for the first trading day of February.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »