Alphabet is still the darling of Wall Street after another blowout quarter from the tech beast Tuesday night.
And one line item continues to standout in particular as a key driver of the bull thesis on the stock: operating margins.
Jefferies analyst Brent Thill points out Alphabet’s operating profit margins hit 39.2% in the third quarter, up for five straight quarters as the company sees strong momentum behind its search business and YouTube premium. The upward slope in margins comes…
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