Online advertising giant Alphabet (NASDAQ:GOOGL) will be announcing earnings results tomorrow after market close. Here’s what to look for.
Alphabet met analysts’ revenue expectations last quarter, reporting revenues of $84.74 billion, up 13.6% year on year. It was a mixed quarter for the company: Revenue beat slightly despite a miss by YouTube segment revenue. Moving to the bottom line, operating income and EPS beat by more convincing amounts.
Is Alphabet a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Alphabet’s revenue to grow 12.4% year on year to $86.23 billion, improving from the 11% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alphabet has missed Wall Street’s revenue estimates twice over the last two years.
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