Alphabet Earnings Beat Drives Bullish Sentiment

3 months ago

"All right. Well, speaking of AI, yeah, Alphabet earnings are out. EPS coming in. Looks like a pretty big beat. $287 a share. For the most recent quarter, the street was looking for $226. Revenue in the most recent quarter, also a beat billion and change. The street on average was looking for roughly about $99.9 billion. The company also says that it ended the quarter that Google Cloud, I should say, ended the quarter, get this guys, $155 billion backlog. >> Yeah, certainly raises the stakes too for Amazon. A lot of focus on that cloud business. You can see Alphabet shares deciding what to do. Moving higher right now. I will say Tim that uh the bar was high for Alphabet specifically. You think about where the stock has gone year to date up by 45% but clearly uh you can see investors parsing through and deciding what to do."

The speaker highlights Alphabet's earnings beat with EPS of $287 versus an expected $226, strong revenue performance against expectations, and a significant backlog in Google Cloud. The commentary underscores that despite a 45% year-to-date run, investors are actively evaluating the next move as shares move up. This detailed observation provides investor color on the company's robust performance in its core segments.

Related Stocks