Alphabet (GOOGL) falls 3% immediately following results

Alphabet (GOOGL) PT Lowered to $1,040 at Morgan Stanley

July 25, 2017 7:59 AM EDT

Morgan Stanley lowered its price target on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to $1,040.00 (from $1,050.00) while maintaining a Overweight rating.

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Alphabet adds to cash pile despite higher costs, antitrust fine

July 24, 2017 4:09 PM EDT

By David Ingram and Rishika Sadam

SAN FRANCISCO (Reuters) - Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet.

Alphabet, the owner of Google and YouTube, said it made $3.5 billion in net income on sales of $26 billion. The profit would have been much larger but for a record $2.7 billion European Union antitrust fine.

Still, the company noted that costs were rising faster than sales and... More

Alphabet (GOOG) Tops Q2 EPS by 52c, Revs Beat

July 24, 2017 4:02 PM EDT

(Updated - July 24, 2017 4:05 PM EDT)

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported Q2 EPS of $5.01, $0.52 better than the analyst estimate of $4.49. Revenue was $26 billion, versus the consensus of $25.64 billion.

"With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams," said Ruth Porat, CFO of... More

Alphabet's (GOOGL) Q2 Results Could be 'Messy', Says Odeon

July 24, 2017 2:54 PM EDT

Odeon analyst Jahanara Nissar commented on Alphabet (NASDAQ: GOOGL) ahead of the release of second quarter results after the bell. In her view, it could be a mess quarter, and that's never a good for a stock.

"Expectations are moderate but there are many moving parts that could leave sentiment and positioning unchanged,... More