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Date of earnings release
Date: 26/10/17 pre-market
Dominance in internet search supported by the widespread adoption of the Android operating system has pushed shares of Google-parent Alphabet to above $1000 this year. The purchase of HTC’s mobile business for $1.1bn and the release of its critically claimed Pixel 2 suggest Google can take some market share from Smartphone market leaders, including Apple. Fines from European competition regulators and increased regulation of the internet look like headwinds Google can weather. Signs of a clampdown on tax avoidance in Europe can be offset by plans by Donald Trump to allow a tax holiday for US company foreign earnings. Longer term, Google is well positioned in key growth areas including cloud-computing, self-driving vehicles, virtual & augmented reality and online video.
5yr – +202%
YTD – +26%
Since last earnings date – +3.74%
EPS expectation for Q3: 9.9 (Adjusted), 8.3 (GAAP)
Revenue expectation for Q3: 22.13B
Revenue history and expectations
Net income adj. history and expectations
Fwd 12M P/E ratio: 27.42
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Trading on Wall Street was lacklustre, with the S&P moving between small gains and losses before moving lower into the close. News that a meeting between President Trump and China’s President Jinping Xi was being pushed back into April served to dampen dem…Read more