The average forecast for Alphabet’s net income is for it to tick down 3% sequentially, to $22.9 billion, or $1.85 a share. That would still be a nice 50% year-over-year jump. Read More...
Morning Bid: Tesla, Alphabet earnings take centre stage
Markets mostly took Joe Biden’s withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates. In the U.S., a September rate cut is all but locked in to prices, and in Europe a 25 basis-point cut is expected in October. Euro zone consumer confidence figures and U.S. existing home sales, both due on Tuesday, are unlikely to shift that outlook.
Reuters•
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