Alphabet, Inc. Earnings: 5 Metrics You Shouldn't Overlook
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are down several percent today following the tech company's second-quarter earnings report. But don't let the pullback in Alphabet shares fool you. The online search giant is firing on all cylinders.
Sure, the $2.7 billion European Commission fine paid during the quarter reduced Alphabet's operating income by 40%. Further, the fine could foreshadow some changes in the way Europe regulates Alphabet's display ads, and ultimately, reduce its revenue in this important market. But when investors look beyond this headwind, they'll find a dominant, profitable business that continued to thrive during Q2.
Image source: Google.
Source: Fool.com
Alphabet Inc. A Stock
€147.84
0.630%
The stock is an absolute favorite of our community with 96 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 21.08% compared to the current price of 147.84 € for Alphabet Inc. A.
