Alphabet (GOOGL) reported Q2 earnings of $2.31 per share, beating estimates by 7.44% and growing 22.2% YoY. Revenues were $96.43 billion, up 13.8% YoY. Google Cloud revenues surged 31.7% YoY. Operating margin expanded to 32.4%. Cash, cash equivalents, and marketable securities were $95.15 billion. Alphabet raised its capital expenditure guidance to $85 billion for 2025.

Estimates for Alphabet have been trending upward, with a consensus estimate shift of 5.39%. The company has a Growth Score of B, a Momentum Score of A, and a VGM Score of B. With a Zacks Rank #3 (Hold), an in-line return is expected in the next few months.

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Read more at Nasdaq: Why Is Alphabet (GOOGL) Up 3.9% Since Last Earnings Report?