Markets

A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer

Google parent Alphabet reported third-quarter profits that missed Wall Street estimates on Monday. Some analysts expect the tech conglomerate’s earnings to suffer going forward as it continues to invest to grow its business. As a mounting “techlash” and heightened regulatory scrutiny eat away at Alphabet’s margins, selling off YouTube could […]
A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer
Markets

Google parent Alphabet is set to report 3rd-quarter earnings on Monday. Here’s what Wall Street analysts are saying ahead of the results.

Alphabet is scheduled to report third-quarter earnings after market close Monday. Analysts are expecting the company’s dominance in search and digital advertising to deliver steady revenue growth. The tech conglomerate has also been investing heavily in its Google Cloud business, which reached an $US8 billion annual revenue run rate during […]
Google parent Alphabet is set to report 3rd-quarter earnings on Monday. Here’s what Wall Street analysts are saying ahead of the results.
Markets

‘Cloud killin’ it’: Wall Street is raving about Alphabet’s monster quarter. Here’s what top analysts are saying.

Shares of Google parent Alphabet spiked as much as 12% on Friday after reporting better-than-expected second quarter earnings and announcing plans to repurchase $US25 billion worth of stock. The tech conglomerate posted revenue excluding traffic-acquisition costs of $US31.7 billion, beating analyst forecasts of $US30.84 billion. The company also disclosed that […]
‘Cloud killin’ it’: Wall Street is raving about Alphabet’s monster quarter. Here’s what top analysts are saying.