Alphabet Inc. (NASDAQ:GOOGL) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GOOGL to report 3Q20 income of $ 11.29 per share.
For the full year, analysts anticipate top line of $ 173729.00 million, while looking forward to income of $ 44.63 per share bottom line.
Previous Quarter Performance
Alphabet Inc. outlined income for the second quarter of $ 10.13 per share, from the revenue of $ 38,297.00 million. The quarterly earnings reduced 28.71 percent while revenues dropped 1.66 percent compared with the same quarter last year.
Wall street analysts are predicting, GOOGL to report 2Q20 income of $ 8.21 per share from revenue of $ 37367.00 million. The bottom line results beat street analysts by $ 1.92 or 23.39 percent, at the same time, top line results outshined analysts by $ 930.00 million or 2.49 percent.
Stock Performance
Shares of Alphabet Inc. traded low $ -88.08 or -5.51 percent on Wednesday, reaching $ 1,510.80 with volume of 2.26 million shares. Alphabet Inc. has traded high as $ 1,553.64 and has cracked $ 1,508.55 on the downward trend
According to the previous trading day, closing price of $ 1,510.80, representing a 58.48 % increase from the 52 week low of $ 1008.87 and a 7.37 % decrease over the 52 week high of $ 1726.10.
The company has a market capital of $ 1,029.53 billion and is part of the Technology sector and Internet Information Providers industry.
Conference Call
Alphabet Inc. will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.abc.xyz
Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services.
