புதன் Jan 31 2024 13:43
4 நிமி
1. Digital advertising revenue falls short of expectations, sends Alphabet shares lower
2. Alphabet earnings report: Digital advertising revenue comes up short of Wall Street’s projections
3. Alphabet says it’s integrating AI into Google search functions
4. Alphabet share price forecast: Analysts bullish on GOOGL stock
Alphabet Inc., the parent company of Google, saw its stock decline sharply in late Tuesday trading, as the resurgence in digital advertising revenue did not meet analysts’ high expectations.
Despite reporting a significant increase in fourth-quarter revenue, primarily from advertising, Alphabet shares, which trade on the Nasdaq under the tickers GOOG (Class C) and GOOGL (Class A) dropped over 5% each in premarket trading on Wednesday.
The company posted total revenue of $86.3 billion, a 13% rise from $76 billion the previous year. Revenue excluding total acquisition costs (TAC) was reported at $72.3 billion, up from $63.1 billion a year earlier.
“We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud. Each of these is already benefiting from our AI investments and innovation. As we enter the Gemini era, the best is yet to come,” Alphabet Chief Executive Sundar Pichai said in a statement announcing the results.
நீங்கள் இன்று வர்த்தகத்தைத் தொடங்கியிருந்தால், உங்கள் கற்பனையான P/L ஐக் (செலவு மற்றும் கட்டணங்களுடன்) கணக்கிடுங்கள்.
மார்கெட்
நிதிசார் கருவிகள்
கணக்கு வகை
திசைகள்
அளவு
தொகையானது சமமாக அல்லது அதிகமாக இருக்க வேண்டும்
தொகையானது இதைவிடக் குறைவாக இருக்க வேண்டும்
குறைந்தபட்ச லாட்கள் அதிகரிக்கும் அளவின் அடிப்படையின் மடங்காக தொகை இருக்க வேண்டும்
USD
EUR
GBP
CAD
AUD
CHF
ZAR
MXN
JPY
மதிப்பு
கமிஷன்
ஸ்ப்ரெட்
லிவரேஜ்
மாற்று ஃபீஸ்
தேவைப்படும் மார்ஜின்
ஒரே இரவில் இடமாற்றம்
கடந்தகால செயல்திறன் எதிர்கால முடிவுகளின் நம்பகமான குறிகாட்டியாக இருப்பதில்லைை.
உங்கள் கணக்கின் நாணயத்திலிருந்து வேறுபட்ட நாணயத்தில் குறிப்பிடப்பட்ட கருவிகளின் அனைத்து நிலைகளும், நிலை வெளியேறும் இடத்திலும் மாற்று ஃபீஸ் விதிக்கப்படும்.
For the fourth quarter, Alphabet announced a net income of $20.7 billion, or $1.64 per share — an increase from $13.6 billion, or $1.05 per share, in the same quarter last year.
Expectations from analysts surveyed by FactSet were for net earnings of $1.59 per share on revenue of $85.3 billion and revenue ex-TAC of $71.2 billion.
Google's total advertising revenue grew by 11% to $65.5 billion from $59 billion the previous year — slightly below the average analyst forecast of $65.8 billion. YouTube's advertising revenue increased by 16% to $9.2 billion, up from $7.96 billion, and Google Cloud's sales rose by 26% to $9.2 billion from $7.3 billion.
Thomas Monteiro, senior analyst at Investing.com, commented on the earnings report in an email to MarketWatch:
“Alphabet’s disappointing ad-revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest-rate cuts from global central banks, thus keeping some powder dry while waiting for more clues before opening up their wallets”.
Alphabet is also enhancing its AI efforts to boost operational efficiency and productivity into 2023 and beyond. The company is integrating AI into its finance and analytics operations, though specific AI revenue figures were not disclosed in the earnings report.
During a call with analysts, CEO Sundar Pichai mentioned that generative AI would be integrated into search functionalities. Google's Chief Business Officer, Philipp Schindler, said that AI tools would be developed to enhance long-term advertising revenue within a "new search experience" — without providing a specific timeline.
CFO Ruth Porat also highlighted during the call that Alphabet has moderated its hiring pace as part of its ongoing efforts to "reengineer its cost base" and stress "organizational efficiency." The company has announced over 1,000 job cuts in recent weeks.
Over the past year, Alphabet shares have seen close to a 51% increase, outpacing the 21% growth of the benchmark S&P 500 index during the same period.
According to 24 analysts surveyed by TipRanks that offered 12-month Alphabet stock price targets, the consensus forecast for GOOGL last stood at $162.77 — a potential 7.47% upside from its last closing price as of January 31, 2024.
The highest listed Netflix share price forecast on TipRanks was $180.00, while the lowest was listed at $140.00. Of the 24 analysts surveyed, 19 offered a Buy rating on GOOGL stock, while 5 had it as a Hold, and none rated it a Sell.
When considering shares and indices for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
குறிச்சொற்கள்
அனைத்தையும் காட்டுசமீபத்தியவை
அனைத்தையும் காட்டு
புதன், 15 ஜனவரி 2025
5 நிமி
புதன், 15 ஜனவரி 2025
7 நிமி
புதன், 15 ஜனவரி 2025
6 நிமி
வியாழன், 16 ஜனவரி 2025
Indices
Why Is the Stock Market Going Down Today and Are Interest Rates Going Down?
வியாழன், 16 ஜனவரி 2025
Indices
What Influences the Price of Heating Oil Per Gallon Today? Insights on Futures Contract Crude Oil
TA
