Alphabet Reports Better Than Expected Q1 Earnings
<p><a href='https://financialmodelingprep.com/financial-summary/GOOG'>Alphabet (NASDAQ:GOOG)</a> reported its Q1 earnings results yesterday, with EPS of $1.17 beating the Street estimate of $1.08. Revenue grew 3% year-over-year to $69.8 billion, roughly in line with the company’s outlook, but significantly better than the Street estimate of $68.87 billion.</p>
<p>According to the analysts at Deutsche Bank, the main takeaway from the results was the stabilizing growth trends at Search and YouTube, which beat Street expectations by approximately 2% and 1%, respectively. YouTube also showed promising signs of revenue growth stabilization, increased short engagement, and improving monetization trends. Cloud revenue grew 28% year-over-year, in line with Street estimates.</p>

NASDAQ:GOOG