Alphabet’s Steady Performance
In contrast, Alphabet, Google’s parent company, reported Q2 results that met analyst expectations. The tech giant’s earnings per share stood at $1.89, surpassing the estimated $1.84. Revenue reached $84.74 billion, slightly above the expected $84.19 billion.
Alphabet’s revenue grew 14% year-over-year, driven by strong performances in search and cloud services. Google Cloud revenue exceeded $10 billion for the first time, reaching $10.35 billion.
However, YouTube advertising revenue fell short of expectations, coming in at $8.66 billion against the anticipated $8.93 billion. Despite this, it still showed growth compared to the $7.66 billion reported in the same quarter last year.
Market Forecast
The contrasting performances of Tesla and Alphabet reflect…
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