Categories Earnings, LATEST

LIVE BLOG: Alphabet Q2 2018 earnings call

  • After-market hours, stock is up 5% at 5:30 PM ET at $1,257.99
  • In terms of the investment priorities, Alphabet believes the biggest opportunity for investment continues to be in the Ads business
  • In the emerging markets, Alphabet is seeing good user growth across its major products (products with over a 1 billion users each)
  • Q&A Starts
  • In the second quarter, unit sales of managed Chromebooks grew by more than 175%.
  • Maps saw strong growth in countries like Indonesia, India and Nigeria, growing over 50% year-on-year
  • Through the improvements in machine learning, Alphabet saw a 25x increase in its ability to build maps algorithmically
  • Sundar Pichai takes over the call
  • Continues to expect expenses to be heavily weighted towards 2H18 to support the holiday season
  • Looking ahead, hardware business would see lower growth in third quarter, anticipating launch of new products for the holiday season
  • Google segment revenues jumped 25% YoY, boosted by mobile search, with substantial contributions from YouTube and desktop search
  • In the product areas, most sizable headcount increases were in cloud for technical and sales roles
  • The stock pops 5% on earnings beat
  • Ruth Porat starts the call

Related: Alphabet Q2 earnings jump on strong revenue growth

Google parent Alphabet (GOOGL) reported strong earnings growth in the second quarter, aided by a marked increase in advertising revenues. Net income, excluding fines, climbed to $8.27 billion or $11.75 per share from $6.26 billion or $8.90 per share in the same period last year. Earnings, including fines, dropped 9% to $4.54 per share. Driving the earnings growth, revenues jumped 26% annually to $32.66 billion.

Google parent Alphabet second quarter 2018 earnings

 

 

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top