Wall Street is eyeing Alphabet's search performance and the impact of integrating artificial intelligence on its second quarter numbers.
Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season. For the period ended June 30, analysts polled by LSEG are expecting the Google and YouTube parent to post earnings of $1.84 per share on revenue of about $84.2 billion. That's a 28% increase in earnings per share and a 13% increase in revenue compared to the same period a year ago.
mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market-perform. Though the analyst sees Alphabet's second-quarter earnings setup as "remarkably similar" to the first quarter, the difference now is that the stock has "largely shaken off" the risk of generative AI.
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