Alphabet: Q3 Earnings Insights

Shares of Alphabet GOOG rose 8.7% after the company reported Q3 results.

Quarterly Results

Earnings per share rose 62.06% over the past year to $16.40, which beat the estimate of $11.21.

Revenue of $46,173,000,000 rose by 14.01% year over year, which beat the estimate of $42,880,000,000.

Looking Ahead

Alphabet hasn't issued any earnings guidance for the time being.

Alphabet hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 04:30 PM

ET Webcast URL: https://www.youtube.com/watch?v=_EFJ_2QuRk4&feature=youtu.be

Recent Stock Performance

52-week high: $1733.18

52-week low: $1013.54

Price action over last quarter: Up 6.47%

Company Description

Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss.