Google parent Alphabet surprises with capital spending boost
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Alphabet Inc Class A (NASDAQ:GOOGL) on Wednesday reported second-quarter results ahead of Wall Street estimates. The company also raised its 2025 capital spending outlook.Shares fell more than 2% in extended trading.
Coming into the Q2 2025 earnings today, Alphabet Inc.'s total revenue expectations of $94 billion for the quarter have remained stable since February.
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported second-quarter net income of $62.74 billion. The Mountain View, California-based company said it had net income of $5.12 per share.
Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot
Google’s parent company, which is facing aggressive competition in its core search business from A.I. chatbots, also posted a double-digit profit increase.
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Analysts tracked by FactSet expect Alphabet to generate $13.1 billion in Google Cloud revenue, which would be up 26.8% from a year earlier. However, Morningstar analyst Malik Ahmed Khan expects growth of 28%. Google Cloud revenue grew by 28.1% in the first quarter.