From Nasdaq:

Alphabet (GOOGL) posted earnings of $1.64 per share, surpassing the estimated $1.60 per share and up from $1.05 per share a year ago. Revenues reached $72.32 billion. Alphabet’s stock has outperformed the market at 9.9% year-to-date, but its future stock performance will depend on upcoming earnings and industry trends.

Looking forward, Alphabet’s current estimate is $1.46 earnings per share and $65.37 billion in revenues for the upcoming quarter. This data, along with the industry’s outlook, will determine the stock’s performance going forward.

Alphabet (GOOGL) is being classified as a “hold” stock at the moment. However, the stock’s future performance is expected to be on par with the market. The Zacks Rank and empirical data show that estimates for upcoming quarters could see changes in the days ahead, so stock performance should be monitored closely.

Upwork (UPWK), a similar company to Alphabet with focus on the internet industry, is expecting their quarterly earnings of $0.17 per share and revenue of $178.43 million soon. This will provide further insight on the performance of the industry at large.



Read more: Alphabet (GOOGL) Tops Q4 Earnings and Revenue Estimates