Alphabet Inc. (GOOGL)
Information Technology - Internet Software & Services
Alphabet Inc. is set to report their FQ2’18 earnings today, July 23rd, after the market closes. The Estimize Consensus projects an EPS of $9.77, which would demonstrate an 11% year-over-year growth rate. At a lower value than Estimize Consensus shows, Wall Street predicts an EPS of $9.51. Investors are forecasting the tech giant to perform well this quarter as opposed to having lower expectations in the recent past. Estimize anticipates revenue of $25.863B whereas Wall Street projects a lower number of $25.647B. In terms of advertising revenue, Estimize predicts $27.478B for the quarter, which would show a 21% year-over-year (YoY) growth.
Earlier this week, antitrust regulators from the EU imposed a record-breaking $5 billion fine on Alphabet Inc. This fine was issued due to charges against Alphabet for forcing smartphone manufacturers to pre-install Google apps onto devices. Specifically, Google has been inputting its search engine and apps into the Android operating system, and have paid manufacturers to exclusively use the Google search engine on their devices. The EU has deemed this as illegal, and Google will have to stop this behavior immediately.
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