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Alphabet are known for not providing any guidance to the analysts so I would take that with a pinch of salt. Consensus seems to be that the results could have
by donalhunt 4y ago
Alphabet are known for not providing any guidance to the analysts so I would take that with a pinch of salt.
Consensus seems to be that the results could have been worse. Some signals that large advertisers are pulling spend in some areas. If that continues, you would expect Q3 earnings to be below the upward trajectory that Alphabet have enjoyed for years.
- candiodari 4y agoLet's not forget that that "upward trajectory" included a near 70% year-over-year increase in revenue on a stock market where 4% is the long-term norm. And Google did that, not as a $100k Market cap stock but as a $1 trillion market cap stock (ok 1 trillion ... after the gain). If Google's revenue stood entirely still for 3 years, they would still have outperformed the S&P500 comfortably. Frankly a -20% YoY revenue (the minus sign is not a mistake) would have been an excellent result. This is truly remarkable performance.