Earnings Watch: Alphabet earnings: Rocky quarter not expected to stop Google profit machine [MarketWatch]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: MarketWatch
Alphabet earnings: Rocky quarter not expected to stop Google profit machine Alphabet Inc. had a difficult quarter, tackling how exactly Google would handle a multibillion-dollar European Union fine, a significant hack of its little-used Google+ social network, presidential tweets and ongoing pressure from advertising rivals. When Alphabet GOOGL, +0.15% GOOG, +0.08% reports third-quarter earnings after the bell on Thursday, though, the search giant’s quarterly profits are expected to continue to roll in like clockwork. What remains to be seen is whether it will be able to perform better than expectations, which investors have become accustomed to and led to record highs after last quarter’s earnings . Don’t miss: Google is a great investor, and Alphabet earnings are showing the results “In-line is never good enough in this sector, companies need to beat, as expectations are always high,” wrote Barclays analyst Ross Sandler, who rates Alphabet the equivalent of a buy with a $1
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