Here's the good news Alphabet execs delivered on its Q1 earnings call, sending the stock soaring

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The company's first quarter results and executive assurances stoked optimism amid pandemic's unchartered waters.

What they got, however, were some assurances that the economic effects of the coronavirus pandemic may not be as bad as they feared. That sparked a sharp rise in the stock after hours, rising to a peak of nearly 10%.earnings of $9.87 per share and revenue $41.16 billion on Tuesday -- a miss on earnings and a beat on revenue, based on expectations from analysts summarized by Refinitiv.

While the outlook wasn't all rosy, as executives promised a "difficult" quarter ahead, here's the good news they shared.Porat admitted there was a "abrupt" drop-off in ad revenues in March, but suggested things were not getting worse in April. At another point, she said that "we're seeing some early signs at this point that users are returning to more commercial behavior," even while cautioning "it's not clear how durable or monetizable that will be."YouTube advertising revenues were $4.04 billion, up 33% year on year. Execs said that strong YouTube revenue growth persisted until mid-March, which was when the coronavirus officially became a global pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If only they paid their taxes

Huge manipulation of the reality

LOL ok.

any guidance on expected trends on advertising revenue?

Alphabet certainly does deliver on not paying taxes while relying on it’s customers to pay their taxes to keep the economy going so Alphabet can profit. That’s creating a false economy which must eventually fail bringing many others down with it. Greed is not a survival tactic.

Maybe CNBC could mention the Thunderbirds too. Not only the Blue Angels. Cnbc

Was anybody really worried about Google's holding company?

LOL SELL

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Live: Here come Google and Alphabet's Q1 earnings - Business InsiderAlphabet is set to announce its Q1 2020 earnings, and all eyes are on how much damage the pandemic is doing to its ad business.
Source: BusinessInsider - 🏆 729. / 51 Read more »

YouTube Q1 Revenue Climbed 33% to $4 Billion, Parent Alphabet Misses on EarningsYouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube, topped Wall Street estimates for Q1 reve…
Source: Variety - 🏆 108. / 63 Read more »

Alphabet set to report earnings after the bell — here's what two traders are watchingAs Google parent Alphabet gears up to report earnings in a troubled tape, two traders predict what could be ahead for the technology giant. TradingNation
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet earnings hit by ‘significant slowdown’ in ad sales, but revenue boosts stockGoogle’s profits were damaged even more than expected as the COVID-19 pandemic caused “a significant slowdown in ad revenues,” parent company Alphabet Inc.... Of course, the FED is buying to support the retirement fund Ponzi scheme.
Source: MarketWatch - 🏆 3. / 97 Read more »

AMD earnings hit the target, but trimmed annual forecast sends stock downAdvanced Micro Devices Inc. shrank in the extended session Tuesday after the chip company admitted that the COVID-19 pandemic would trim its growth in 2020. Lisa Su is the best! Everyone is trimming what do ppl expect? Overreacting per usual. Sell
Source: MarketWatch - 🏆 3. / 97 Read more »