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Wednesday, 26 July 2023

Alphabet Q2 2023 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

by Rose White

Google parent Alphabet Inc. (NASDAQ: GOOG, GOOGL) is all set to publish second-quarter 2023 earnings today at 4:00 PM ET. The market will be closely following the event, looking for updates on the search giant’s AI initiatives.

Alphabet Q2 2023 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

Listen to Alphabet’s Q2 2023 earnings call live and read the real-time transcript

It is estimated that Alphabet generated earnings of $1.21 per share in the June quarter, which is broadly in line with the prior-year number. Analysts are looking for a 6.1% decline in third-quarter revenues to $65.42 billion.

In the previous quarter, advertising revenue came in at $54.5 billion, unchanged year-over-year. Total revenues moved up 3% from last year to around $70 billion in the first quarter. Meanwhile, net income declined 8% to $15 billion and earnings per share dropped 5% annually to $1.17. Operating cash flow was an impressive $23.5 billion.

The post Alphabet Q2 2023 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript first appeared on AlphaStreet.

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