Alphabet earnings beats boosted by YouTube, cloud growth. How the pros are playing the stock

Market Movers rounded up the best reactions from investors and analysts on Alphabet . The pros, including Jim Cramer , discussed the megacap tech company as it jumped 5.8%. Alphabet reported second-quarter earnings Tuesday after the bell. The company beat on the top and bottom lines, posting earnings of $1.44 per share, compared to analysts' estimate of $1.34, adjusted, per share, per Refinitiv.

Alphabet also surpassed analysts' revenue estimate by nearly $2 billion. Google Cloud and YouTube ads helped drive quarterly results. The stock hit a new 52-week high Wednesday, trading at levels not seen since April 2022. Alphabet also announced that its CFO, Ruth Porat, will step down and take a new role as president and chief investment officer. Class A shares of Alphabet are currently held in Cramer's Charitable Trust Portfolio.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

YouTube Q2 Ad Sales Rise 4.4%, Alphabet Handily Tops Earnings EstimatesYouTube’s second-quarter 2023 ad sales had a slight year-over-year uptick, rising 4.4% to $7.67 billion, a reversal after three consecutive quarters of declines at the video platform. Alphabe…
Herkunft: Variety - 🏆 108. / 63 Weiterlesen »

Dow strives for 12th day of gains as Microsoft and Alphabet earnings loomU.S. stock futures rose early Tuesday as earnings season picked up pace and traders looked ahead to the Fed decision midweek.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stock Market Today: What to Watch Ahead of Alphabet, Microsoft EarningsStock futures were steady ahead of a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. Follow the latest markets updates.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »