Categories AlphaGraphs, Earnings, Technology
GOOGL Earnings: All you need to know about Alphabet’s Q3 2022 earnings results
Alphabet Inc. (NASDAQ: GOOGL, GOOG) reported third quarter 2022 earnings results today.
Total revenues increased 6% year-over-year to $69 billion.
Net income was $13.9 billion, or $1.06 per share, compared to $18.9 billion, or $1.40 per share, last year.
Both the top and bottom line numbers missed estimates, sending the stock tumbling 5% in after-market hours on Tuesday.
“Our third quarter revenues were $69.1 billion, up 6% versus last year or up 11% on a constant currency basis. Financial results for the third quarter reflect healthy fundamental growth in Search and momentum in Cloud, while affected by foreign exchange. We’re working to realign resources to fuel our highest growth priorities.” – Ruth Porat, CFO of Alphabet and Google.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Everything you need to know about Medline’s IPO
After a modest start to the year, IPO activity rebounded in the second half of the year as recession fears eased and investor confidence increased. Medical supply company Medline Inc.
Chewy (CHWY): Three factors that work in favor of this pet retailer
Shares of Chewy, Inc. (NYSE: CHWY) gained over 1% on Monday. The stock has dropped 10% in the past three months. The pet products seller delivered solid results for the
Earnings Preview: Will cost pressures impact Darden Restaurants’ Q2 results?
Darden Restaurants, Inc. (NYSE: DRI), a full-service restaurant operator, has faced margin pressure this year from higher input costs tied to tariffs on key commodities. Despite that, management remains optimistic,
