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Stockreport

Alphabet set to report modest beat for Q1 driven by AI, Cloud growth [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Bank of America has reiterated its “Buy” rating on Google's parent company Alphabet Inc (NASDAQ:GOOG) ahead of the company's first quarter earnings report on April 29, highlighting artificial intelligence integration and resilient search demand as key drivers of near-term stock performance. The bank expects Alphabet to report first-quarter revenue of $92 billion and earnings per share of $2.69, modestly above consensus estimates of $91.7 billion and $2.66. The analysts believe the rollout of Gemini across core products is likely supporting both search and cloud performance, with checks indicating that search growth may have accelerated during the quarter amid a healthy e-commerce backdrop. Search and related advertising revenue is expected to grow around 18%, broadly in line with Bank of America's estimates but ahead of broader market expectations. Cloud remains another area of focus, with growth projected to accelerate by one percentage point quarter-over-quarter to 49%. The f [Read more]
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Stockreport

Alphabet set to report modest beat for Q1 driven by AI, Cloud growth [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Bank of America has reiterated its “Buy” rating on Google's parent company Alphabet Inc (NASDAQ:GOOG) ahead of the company's first quarter earnings report on April 29, highlighting artificial intelligence integration and resilient search demand as key drivers of near-term stock performance. The bank expects Alphabet to report first-quarter revenue of $92 billion and earnings per share of $2.69, modestly above consensus estimates of $91.7 billion and $2.66. The analysts believe the rollout of Gemini across core products is likely supporting both search and cloud performance, with checks indicating that search growth may have accelerated during the quarter amid a healthy e-commerce backdrop. Search and related advertising revenue is expected to grow around 18%, broadly in line with Bank of America's estimates but ahead of broader market expectations. Cloud remains another area of focus, with growth projected to accelerate by one percentage point quarter-over-quarter to 49%. The f [Read more]
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