LIVE: Here comes Alphabet earnings … | Digital Asia
- Greg Sandoval/Business Insider
- Google’s parent company, Alphabet, is due to report its Q2 earnings after markets close on Monday.
- Investors are eager to see how Google weathered the many challenges the company faced in the second quarter, including being the subject of a major European antitrust investigation that resulted in a $5 billion fine.
- Shares of Alphabet were up slightly ahead of earnings.
Wall Street will hear from one of the technology sector’s main financial bellwethers on Monday, when Google’s parent company, Alphabet, is scheduled to post its second-quarter earnings after markets close.
Excluding traffic acquisition costs (TAC) associated with ad revenue, a poll of analysts showed that most are expecting Google to report revenue of $25.6 billion, a 22% increase from last year, according to TheStreet.com.
On a GAAP basis, analysts expect the company’s earnings per share to come in at around $9.66.
Business Insider will be reporting on Alphabet’s earnings as soon as the numbers cross, so make sure to refresh this page or click here for the latest.