Alphabet Q3 Earnings Exceed Expectations, Cloud Business Misses Mark

United States of America
Alphabet's net income was $18.9 billion, or $27.99 per share.
Alphabet's Q3 revenue was $65.11 billion, a 41% increase year-over-year.
Alphabet's stock dropped by 8% following the earnings report.
Google Cloud reported revenue of $4.99 billion, missing Wall Street's estimate of $5.02 billion.
Microsoft's stock rose by 3% after its earnings report.

Alphabet Inc., the parent company of Google, reported its Q3 earnings on October 24, 2023. The company's revenue was $65.11 billion, a 41% increase year-over-year, exceeding Wall Street's expectations. However, the company's cloud business missed expectations, causing the stock to drop by 8%.

Alphabet's net income was $18.9 billion, or $27.99 per share, compared to $11.2 billion, or $16.40 per share, a year earlier. The company's operating margin was 30%, up from 24% a year ago.

The company's cloud business, Google Cloud, reported revenue of $4.99 billion, missing Wall Street's estimate of $5.02 billion. This miss led to a drop in Alphabet's stock price.

In contrast, Microsoft, which also reported its earnings on the same day, saw its stock rise as its cloud business, Azure, reported strong growth. Microsoft's stock rose by 3% after the earnings report.

Several analysts have cut their price targets for Alphabet following the earnings report. However, some analysts remain optimistic about the company's future growth prospects.

Confidence

95%

Doubts
  • The exact reason for the drop in Alphabet's stock price is not explicitly stated in the articles.

Sources

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Alphabet Inc. (NASDAQ:GOOG) Q3 2023 Earnings Call Transcript

Yahoo Finance Wednesday, 25 October 2023 16:02
  • Unique Points
    • The article provides a detailed transcript of Alphabet's Q3 2023 earnings call, which is not found in the other articles.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (85%)
    • Yahoo is owned by Verizon Communications. Verizon could potentially benefit from certain outcomes in the tech industry, which could introduce a conflict of interest.
    • Author Conflicts Of Interest (100%)
      None Found At Time Of Publication

    92%

    The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
    (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

    A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

    Alphabet stock down 8% on cloud miss as investors praise Microsoft

    CNBC News Jordan Novet Wednesday, 25 October 2023 00:00
    • Unique Points
      • The article provides a comparison between Alphabet's and Microsoft's performance, which is unique compared to the other articles.
    • Accuracy
      No Contradictions at Time Of Publication
    • Deception (100%)
      None Found At Time Of Publication
    • Fallacies (100%)
      None Found At Time Of Publication
    • Bias (90%)
      • The article seems to favor Microsoft over Alphabet, as it praises Microsoft's performance while highlighting Alphabet's shortcomings.
      • Site Conflicts Of Interest (85%)
        • CNBC is owned by NBCUniversal, a subsidiary of Comcast. Comcast, being a major player in the telecommunications and media industry, could potentially benefit from certain outcomes in the tech industry, which could introduce a conflict of interest.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        97%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Alphabet and Microsoft earnings after the close

        FOREXLive Adam Button Tuesday, 24 October 2023 00:00
        • Unique Points
          • The article provides a pre-earnings analysis, which is not found in the other articles.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (100%)
          None Found At Time Of Publication
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        95%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Alphabet hammered: 6 big analyst cuts

        Investing.com Financial Markets Platform Jesse Pound Wednesday, 25 October 2023 00:00
        • Unique Points
          • The article provides specific details about analyst cuts, which is not found in the other articles.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (90%)
          • The article seems to have a negative bias towards Alphabet, as it focuses on the analyst cuts and uses strong language like 'hammered'.
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication