Google parent Alphabet Inc. (NASDAQ: GOOG, GOOGL) is all set to publish second-quarter 2023 earnings today at 4:00 PM ET. The market will be closely following the event, looking for updates on the search giant’s AI initiatives.
It is estimated that Alphabet generated earnings of $1.21 per share in the June quarter, which is broadly in line with the prior-year number. Analysts are looking for a 6.1% decline in third-quarter revenues to $65.42 billion.
In the previous quarter, advertising revenue came in at $54.5 billion, unchanged year-over-year. Total revenues moved up 3% from last year to around $70 billion in the first quarter. Meanwhile, net income declined 8% to $15 billion and earnings per share dropped 5% annually to $1.17. Operating cash flow was an impressive $23.5 billion.
Stocks you may like:
Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business
Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications