Alphabet Joins $2 Trillion Club Drew Angerer / Getty Images News via Getty Images Alphabet Inc. (NASDAQ: GOOGL), helped by strong earnings, will pass the $2 trillion market cap at the opening of trading. The only companies ahead of it are Microsoft Corp. (NASDAQ: MSFT) ($2.97 trillion), Apple Inc. (NASDAQ: AAPL) ($2.62 trillion), and Nvidia Corp. (NASDAQ: NVDA) ($2.06 trillion).Alphabet earned its spot the hard way. It continued to drive its key online marketing business, even though cloud computing and A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________ FORM 10-Q ________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tra ...

Thursday, April 25th, 2024Markets took another tumble today out of the gate. The major indices fought back and closed near session highs, but still well-off breakeven. The Dow finished down -375 points, -0.98%, which was the worst of the bunch. Elsewhere, the S&P 500 dropped -0.46%, the Nasdaq was off -0.64% and the small-cap Russell 2000 -0.76%. All four indices are still positive for the week, with one more day of trading to go.Early morning whiffs of “stagflation” from economic prints joined with disappo ...

Alphabet (GOOGL) reported $67.59 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 16.4%. EPS of $1.89 for the same period compares to $1.17 a year ago.The reported revenue represents a surprise of +2.35% over the Zacks Consensus Estimate of $66.04 billion. With the consensus EPS estimate being $1.49, the EPS surprise was +26.85%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Exhibit 99.1 Alphabet Announces First Quarter 2024 Results MOUNTAIN VIEW, Calif. – April 25, 2024 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024. Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us ...

Outside of Tesla (TSLA)  and Meta Platforms (META) , investors are largely antcipating quarterly results from magnificent seven players Alphabet (GOOGL)  and Microsoft (MSFT)  this week as well.With Alphabet and Microsoft’s quarterly reports set for Thursday, April 25, let's see which big tech stock is more attractive at the moment.  Quarterly Expectations Alphabet’s Q1 earnings are expected to increase 27% to $1.49 per share versus $1.17 a share in the comparative quarter. On the top line, the search engin ...

Alphabet’s (GOOGL) first-quarter 2024 results, scheduled to be released on Apr 25, are likely to reflect strength in its cloud arm, Google Cloud.Google Cloud has turned out to be the key catalyst for Alphabet’s growth on the back of its strengthening cloud-service offerings.GOOGL’s cloud offerings include Google Cloud Platform and Google Workspace, which are continuously gaining momentum in the booming cloud computing market. Google’s growing investments in infrastructure, security, data management, analyti ...

We have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks’ results not causing any spooks.And concerning this week’s busy docket, two ‘Mag 7’ members – Alphabet (GOOGL) and Meta Platforms (META) – are scheduled to unveil quarterly results.Alphabet will report after the market close on April 25th, whereas Meta will report on April 24th after the market close. Shares of each have bee ...

Amid the delayed prospect of rate cuts and an increase in geopolitical tension, the technology sector has been seeing brutal trading in recent weeks after a strong first quarter. Notably, the Magnificent Seven stocks suffered the worst-ever weekly loss in terms of market capitalization, erasing $950 billion last week.NVIDIA (NVDA) , which has been leading the artificial intelligence boom, shed almost $300 billion and became the biggest market-cap loser. Shares of NVIDIA fell 13.6% last week and are down abo ...

Alphabet (GOOGL) is scheduled to report first-quarter 2024 results on Apr 25.The company has been benefiting from growing investments in the generative AI technology, expanding presence in the booming cloud-computing market, increasing efforts to improve search results, solid uptake of Android and deepening focus on the wearables category in the quarter under review.Nevertheless, increasing litigation issues and expenses are likely to have been concerning.Let us delve deeper into the fundamentals of Alphabe ...