It's been an eventful quarter for Google and its parent company Alphabet. Now it's time for its quarterly report card.
Shares of Alphabet Inc., have fallen about 9% over the past three months, as worries about online privacy and regulatory risks weigh on the stock. But in after-hours trading Google's share price popped 4.5 percent.
Here are the key numbers Wall Street was looking for, according to Bloomberg estimates:
- Net Revenue (ex-traffic acquisition costs): Google reported $24.8 billion, up 4.5 % from the same period last year. Analysts had expected $24.5 billion, or roughly a 22% increase year-on-year.
- Earnings per share (GAAP): Google reported $13.33 while analysts had predicted $9.30.
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Wall Street was eagerly waiting to see whether YouTube, the company's dominant video service, continues to drive revenue growth. Revenue from non-advertising businesses, such as Google's cloud unit and its fledgling hardware group, will also be under the spotlight.