Google’s parent company Alphabet is set to report its first-quarter earnings on Tuesday afternoon after the bell.
BRAD SMITH: All right, everyone, switching gears here. We’ve got a stock to watch for tomorrow. Google parent company Alphabet reporting first quarter results after the bell. Wall Street consensus calls for an adjusted EPS, Earnings Per Share, of $28.72 on revenue of $55.66 billion after traffic acquisition costs. Now, some of the things that we’re going to be watching in tomorrow’s report– the strength of its cloud business, which has turned out to be the key catalyst behind the company’s growth in recent years as well. Anything that’s high margin generating, investors are going to look at.
Also, investors and analysts going to keep an eye on Alphabet’s YouTube revenue numbers, particularly in light of rising competition from platforms like– yeah, you guessed it– TikTok. And while the company is not as vocal as Apple when it comes to App Store regulation, investors will be watching for any mentions of that during the earnings call. Checking in on shares of Alphabet in afterhours action, they are flat, just barely to the upside, after closing nearly 3% higher for the day.