Company Of The Day: Alphabet
What?
Alphabet (NASDAQ:GOOG), the parent company of Google posted a robust set of Q2 2021 earnings, with revenue rising 62% year-over-year to $61.9 billion and net income growing by 266% to $18.5 billion.
Why?
- Beating S&P 500 by 37% Since The Start Of 2023, Where Is Alphabet Stock Headed?
- Beating The S&P 500 By 40% Since The Start Of 2023, What To Expect From Alphabet Stock In Q4?
- After 50% Move This Year Alphabet Stock To Outperform The Estimates In Q3
- Alphabet Stock Outperformed The Street Expectations In Q2
- What To Expect From Alphabet Stock ?
- Alphabet Stock Lost 10% In One Week, What’s Next?
Growth was driven by surging digital ad revenues, as marketers look to target consumers who have been spending more time online through the Covid-19 pandemic.
So What?
Alphabet stock saw little movement in after-hours trading on Tuesday, as investors were already expecting a strong quarter. The stock remains up by about 56% this year.
See Our Complete Analysis For Alphabet
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