Online advertising giant Alphabet (NASDAQ: GOOGL) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
Alphabet met analysts’ revenue expectations last quarter, reporting revenues of $96.47 billion, up 11.8% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ operating income estimates.
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 10.8% year on year to $89.21 billion, slowing from the 15.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.02 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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.3% on average.
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