Tuesday following the bell, Alphabet will release its third-quarter financial results.
According to an analyst study conducted by LSEG, previously Refinitiv, here is what Wall Street anticipates:
$1.45 in earnings per share
Bringing in $75.97 billion
Here are some additional crucial figures analysts should pay attention to:
StreetAccount estimates that YouTube advertising income will be $7.81 billion.
According to StreetAccount, Google Cloud’s revenue was $8.64 billion.
According to StreetAccount, traffic acquisition costs were $12.63 billion.
After experiencing four quarters of expansion stuck in the low single digits, Google’s parent business is anticipated to resume double-digit revenue growth. Since the economy slowed down last year and TikTok boosted competition, the company’s core advertising has suffered.
Google said in January that it will be laying off 12,000 employees, or about 6% of its full-time staff, and just last month, the corporation removed hundreds of roles from its hiring department.
Google executed targeted layoffs in several corporate departments during the third quarter. In the news department, there were reportedly 40 to 45 job losses. Another round of layoffs was made by the company’s self-driving car division Waymo, which only recently announced an expansion of its driverless ride-sharing service.
Source (CNBC )
