Market Analysis by covering: S&P 500, Alphabet Inc Class A, Alphabet Inc Class C. Read 's Market Analysis on Investing.com
expectations, with EPS coming in a whopping 40% ABOVE what the street was anticipating. The biggest earnings beat in at least the last 8 quarters. And probably a lot longer than that.
Sales also came in above street estimates by 1.4%, on 13% y/y growth. Right around the company average for the last 8 quarters.Cloud revenue grew 28% I still have my concerns on the company’s core business, as sales growth is flatlining while earnings growth is slowing rapidly. But some portion of that risk is already priced in. As Google has the cheapest PE of the MAG 7 at 18.5x, the company isn’t even getting the market multiple (Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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