Parent company to report revenue as it’s embroiled in 17% drop in stock price and tariffs levied on its trade partners
Google’s parent company Alphabet will report its first quarter earnings on Thursday, which come as the tech giant is embroiled in antitrust lawsuits brought by the US government and a 17% drop in its stock price since the beginning of the year. It’s also the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.
Despite the upheaval, analysts appear optimistic on Alphabet’s outlook projecting first quarter revenue of $89.2bn, up 11% since the same time last year, and earnings of $2.01 per share, up 7%, according to consensus estimates. Analysts don’t expect the global tariffs to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter.
About Author
More Stories
23andMe’s founder wins bid to regain control of bankrupt DNA testing firm
Researchers create AI-based tool that restores age-damaged artworks in hours
European journalists targeted with Paragon Solutions spyware, say researchers