Get ready for Google and Microsoft results!
The publication of quarterly results of two major technology companies will take place today after the market close
Alphabet (GOOGL.US), the parent company of Google, will publish its financial results for the past quarter after the end of today’s Wall Street session. EPS is expected to amount to $15.45, which is to be an increase of 57% YoY! In turn, revenues are expected to amount to 442.2 billion, which would mean an increase of 25%. In the last 4 quarters, the company surprised with profits. On average, they were 25% higher compared to analysts’ forecasts. A clear acceleration of results in the cloud sector is expected. It is worth emphasizing that Alphabet is one of the technological leaders of the FAANG group.
The second key company to report after the session is Microsoft (MSFT.US), which is one of the most mature technology companies on Wall Street. EPS is expected to amount to $1.76 (+ 25% y / y), while revenues are expected to amount to $41 billion (+ 17% y / y). In this case, good results are also expected from the cloud segment (Azure).
Alphabet’s stock starts today trading with slight decline, after reaching yesterday’s historic high.
Microsoft stocks also recently reached a new historic high.