Alphabet posts results after Tuesday’s closing bell
Google parent Alphabet Inc.’s antitrust battle with the Justice Department is garnering headlines, but investors are focused on an ad-rich earnings report.
What to expect Earnings: Analysts tracked by FactSet project Alphabet to report $1.46 a share in earnings, up from $1.06 a share a year before. On Estimize, which crowdsources projections from hedge funds, academics and others, the average projection also calls for $1.46 a share in earnings. Stock movement: Shares of Alphabet have soared 55% this year, most of that in the last six months. The S&P 500 SPX is up 10% in 2023.
What else to watch for Investors are keenly interested in whether digital-ad spending has progressed for Alphabet as reports from those in the industry suggest.
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