Internet earnings what happens
Critical information for the U.S. trading day
Quarterly revenue beat expectations but declined year-over-year for the first time in the company's history. Traffic acquisition costs exceeded estimates.
Alphabet reported unadjusted EPS this quarter, while it reported adjusted earnings last quarter. What Happened Alphabet reported its first ever quarterly year-over-year decline. Despite this company first, both revenue and EPS declined by less than expected as advertisers tightened their belts due to the pandemic's disruption of the economy.
Traffic acquisition costs came in higher than analysts expected. Alphabet instituted a hiring freeze and cut marketing spending in half for the second half of the year.
GOOGLInternet earnings what happens of search giant Google, enjoyed robust gains in revenue, profits, advertising and online traffic earlier this year amid spreading government lockdowns and the global recession brought about by COVID They forecast a dip in revenue and plunging adjusted EPS compared to the same period a year ago.
Rising or high traffic acquisition costs indicates lower margins and profits. Investopedia is focusing on TAC because Alphabet no longer includes the YOY percent change in paid clicks in its earnings press release.
Source: TradingView. Adjusted EPS rose Alphabet's adjusted EPS generally has been volatile, showing wide swings in performance and declining in two of the past five quarters since Q1 FY In recent Q2 periods, this increase has ranged from For Q2 FYanalyst expect that revenue to fall by 4.