GOOGL Earnings: Alphabet Gains after Beating Q2 Estimates - TipRanks.com

Category: Finance

Alphabet (GOOGL) reported Q2 earnings of $1.89 per share, surpassing estimates. Revenue increased by 13.6% to $84.74 billion, driven by a rise in ad revenue to $64.616 billion. Google Cloud also exceeded expectations, growing to $10.347 billion. However, YouTube ad revenue fell short of estimates at $8.66 billion. GOOGL returned over $18.15 billion to shareholders, with dividends and buybacks. Analysts maintain a Strong Buy rating on GOOGL stock, with a price target suggesting an 11.68% upside potential.

Keywords: Alphabet, GOOGL, Q2 earnings

Source: Tipranks

Update At: 7/24/2024

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