Visitors Now:
Total Visits:
Total Stories:
Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Can Alphabet Repeat Last Quarter’s Massive Success?

Thursday, October 27, 2016 11:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

googleGoogle parent Alphabet Inc (NASDAQ:GOOGL) will post Q3 earnings after the bell today. Here’s what investors can expect from the search engine and tech juggernaut.

The first thing to remember regarding GOOGL earnings is that the company does not provide forward guidance. That can either be a benefit (if guidance was to be weak) or a hindrance (if results fall short of estimates, guidance can be a catalyst for share price upside).

Currently, Wall Street analysts expect Q3 EPS of $8.60 on $22.03 billion in revenue. Both of those figures would be massive jumps from the same period last year.

The bulk of Alphabet’s revenue is derived from mobile, pragmatic, and video advertising, but it also pours a large amount of money into what it calls “Other Bets.” Those investments have led to some pretty amazing things over the years, including several standalone businesses and even separate investment funds.

Likely the biggest threat to GOOGL missing numbers today is a deceleration in Search. At its heart, Google is still a search engine — still far and away the most popular one on earth (although Amazon is now beating Google for product searches). Last quarter, Google saw fantastic revenue growth of 20%, driven largely by Google website gains.

With Alphabet shares sitting at all-time highs, there will be little room for error in this evening’s report. Stay tuned after the bell today, as we’ll have full coverage on what promises to be a market-moving event.

GOOGL-2016-10-27

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.