Steve Kovach October 26, 2017 at 12:50PM
Google's parent company Alphabet will report third-quarter earnings at 4 p.m. Eastern Thursday.
First, here's what analysts are expecting, according to Bloomberg:
Revenue: $21.95 billion
EPS (GAAP): $8.34
We'll have the results for you as soon as they come in, so refresh this post for the latest.
The big story surrounding Google is the fake ads from Russian bots that ran across various Google platforms during the 2016 US election. Google has discovered less than $100,000 worth of ads so far. Kent Walker, Google's general counsel, will testify before Congress with representatives from Facebook and Twitter regarding Russian abuse on their platforms on November 1.
Despite the fake news problems and Russian ad abuse, Alphabet's stock has been performing well. It hit an all-time high of $1,016 last week.
Join the conversation about this story »
NOW WATCH: Watch Google repeatedly mock Apple at its October Pixel event
LIVE: Google's parent company Alphabet reports Q3 earnings (GOOG, GOOGL) from Business Insider: Steve Kovach
No comments:
Post a Comment