LIVE: Here come Alphabet's earnings
Wall Street is expecting a somewhat mixed earnings report from Google parent Alphabet Monday afternoon.
Analysts expect the internet giant to post a respectable 10% jump in revenue. But they're also forecasting a decline in earnings per share.
Here's what analysts polled by Bloomberg expect Alphabet to report and how that compares with its year-earlier results:
- Q3 net revenue (excluding traffic acquisition costs): $32.7 billion. In the same period last year, Alphabet posted $27.2 billion in net sales.
- Q3 earnings per share: $12.35. In the third quarter last year, the company earned $13.06 per share.
- Q4 net revenue (forecast): $38.4 billion. In the holiday period a year ago, Alphabet saw $31.7 billion in net sales.
- Q4 EPS (forecast): $12.90. In last year's fourth quarter, the company earned $12.77 a share.
In late trading on Monday, Alphabet's stock was up $34.18, or about 3%, to $1,299.31 a share.
Google - along with Facebook and Amazon - has been under regulatory scrutiny lately, as antitrust officials in Washington and within most of the states are scrutinizing its impact on competition. It's also been seeing growing tension with employees over its workplace culture and controversial projects, including a now-abandoned effort to develop a censored search engine for China.
We'll be covering Google's earnings and conference call, so hit refresh or click here for the latest updates.
