After yesterday’s big-tech antitrust hearing, Alphabet (NASDAQ: GOOG/GOOGL), the parent of Google, reported second quarter 2020 earnings results today. Alphabet’s earnings and revenue dropped from the prior-year quarter. However, both the bottom and topline numbers beat the market’s estimates.
Advertising revenue declined 8% year-over-year to $29.9 billion in the second quarter. Search & Other revenue dropped 10% or $2.3 billion to $21.3 billion.
Alphabet shares were trading up about 1% in the after-market hours.
Biogen (NASDAQ: BIIB) reported third-quarter 2021 financial results before the regular market hours on Wednesday. The company reported Q3 revenue of $2.78 billion, down 18% year-over-year and higher than the
Verizon (NYSE: VZ) reported Third-quarter 2021 financial results before the regular trading hours on Wednesday. The telecommunications giant reported Q3 revenue of $32.9 billion, up 4.3% year-over-year and above the
Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to