Alphabet is set to report its second-quarter earnings after the bell Wednesday.
Here's what analysts polled by LSEG are expecting:
Revenue: $93.94 billion
$93.94 billion Earnings per share: $2.18
Wall Street is also watching these numbers in the report:
YouTube advertising revenue : $9.56 billion, according to StreetAccount
: $9.56 billion, according to StreetAccount Google Cloud revenue: $13.11 billion, according to StreetAccount
$13.11 billion, according to StreetAccount Traffic acquisition costs (TAC): $14.18 billion, according to StreetAccount
Alphabet is among the megacaps expected to be a major driver of earnings growth during the second-quarter earnings season. Wall Street is anticipating the search giant to report a 10.9% increase in revenue and 15% growth in earnings per share.
Shares of Alphabet haven't moved much this year, lagging the other Magnificent Seven stocks and the S&P 500. Investors are primarily concerned about the rise of artificial intelligence chatbots, which could impact Google's ability to remain competitive in search.
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