Company Of The Day: Alphabet

by Trefis Team
+5.28%
Upside
2853
Market
3003
Trefis
GOOG
Alphabet Inc.
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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?

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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