The best regulated crypto exchange
Find out why?

Alphabet Stock Rises as Company Reports Surprising Q2 2019 Earnings

By Yana Berman

Google's parent company, Alphabet, surpassed the expert's predictions as its revenue in Q2 2019 almost $1 billion more than expected, according to a report published Thursday, July 25.

Alphabet's revenue excluding traffic-acquisition costs amounted to $31.7 billion against $30.84 billion expected, which represents a 20.8% growth year over year.

Google advertising revenue ($32.6 billion) is also on the rise in comparison to the same period last year ($28.1), although analysts expected it to slow down.

Alphabet's stock rose 8% Friday, June 26, following the announcement. As of press time, the shares were traded around $1,250.

Earlier this week, the U.S. Justice Department launched an antitrust probe targeting Google, Facebook and Amazon. The review's goal is to reveal whether the corporations have violated competition rules.

Facebook’s Q2 2019 earnings are also far beyond expected, despite the $2 billion settlement. Its revenue was $16.9 billion versus $16.5 billion forecast by Refinitiv. Moreover, the number of active monthly users grew to 2.41 billion.

Alphabet Stock Rises as Company Reports Surprising Q2 2019 Earnings

Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.

Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image