Tag Archives: Alphabet

Sundar Pichai, chief executive officer of Alphabet Inc.(Photographer: Michael Nagle/Bloomberg) © 2022 Bloomberg Finance LP Even Google isn’t immune to the severe downturn in the tech sector. Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend. Amidst pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google launched a ranking system and… Source link

The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back. London-based TCI, which has been a significant investor in the company since 2017 and holds a stake valued at $6bn (£5.1bn), has written to its chief executive, Sundar Pichai, urging it to emulate cost-cutting measures introduced by big tech rivals including the Facebook-owner, Meta, Amazon and… Source link

Tech giant Alphabet (GOOGL 0.46%) (GOOG 0.29%) is commonly associated with Google’s digital advertising business. After all, advertising income accounted for $54.5 billion of Alphabet’s $69.1 billion in third-quarter revenue. So on Oct. 25, when the company reported disappointing Q3 earnings in its ad business, the result propelled a stock price decline, reaching a 52-week low on Nov. 3. The sell-off is an understandable reaction to Alphabet’s modest 2.5% year-over-year Q3 ad revenue… Source link

Lackluster earnings and outlooks from Alphabet, Microsoft, and Spotify late Tuesday have cast clouds over an already nervous stock market. Alphabet and Microsoft both signaled a more watchful eye on expenses as the economic slowdown rages on. And Spotify — similar to Alphabet — called out economic-related weakness in the advertising market as one reason for its tepid results. All three household name tech stocks plunged on the downbeat commentary. They were also the most visited ticker… Source link

Lackluster earnings and outlooks from Alphabet, Microsoft, and Spotify late Tuesday have cast clouds over an already nervous stock market. Alphabet and Microsoft both signaled a more watchful eye on expenses as the economic slowdown rages on. And Spotify — similar to Alphabet — called out economic-related weakness in the advertising market as one reason for its tepid results. All three household name tech stocks plunged on the downbeat commentary. They were also the most visited ticker… Source link

Alphabet (GOOGL): Shares of Google’s parent company fell in extended trading after the company missed Wall Street estimates on the top and bottom lines. Sales for the quarter was $69.09 billion, up 6% from a year ago. Earnings were $1.06 a share. YouTube advertising revenue fell from the previous quarter to $7.1 billion, below analyst expectations for $7.4 billion. Morningstar Senior Equity Analyst Ali Mogharabi told Yahoo Finance the results were ‘disappointing’ and reflected the… Source link

Even Alphabet, the parent company of Google and one of the internet’s most entrenched businesses, was not immune to the punishing blows of the global economy and a sharp slowdown in the online advertising that is essential to the company’s profits. Alphabet on Tuesday reported a net profit of $13.9 billion in the third quarter, down 27 percent from a year earlier, while revenue climbed 6 percent to $69.1 billion. The earnings fell short of analysts’ estimates of $16.9 billion in profit… Source link

Key Takeaways Analysts estimate EPS of $1.25 vs. $1.40 in Q3 FY 2021. Google Cloud revenue is expected to rise year over year but at the slowest pace in at least four years. Revenue is expected to rise but at a slower pace compared to recent quarters. Alphabet (Google) Inc. (GOOGL), the third-largest tech company by market capitalization, will probably report a third straight quarter of earnings declines and slowing revenue growth for the third quarter of 2023 amid a challenging ad… Source link

Enlarge / Let’s see, you landed on my “Google Ads” space, and with three houses… that will be $1,400. Ron Amadeo / Hasbro The US Justice Department is gearing up for a possible antitrust lawsuit against Google’s ad business, and a new report from The Wall Street Journal outlines a “concession” Google is proposing in response to the investigation. Google might split up some of its ad business and move it to… Source link

Text size An analyst at Monness, Crespi, Hardt & Co. slashed his price target for the stock to $2,900 from $3,500. Noah Berger/AFP via Getty Images … Source link