Alphabet Earnings Preview: EU Antitrust Fine To Impact Q2 Results - News Summed Up

Alphabet Earnings Preview: EU Antitrust Fine To Impact Q2 Results


Alphabet Inc. reports second-quarter earnings after market close on Monday, July 23. The big news ahead of the report was the EU slapping the company with a $5.07 billion antitrust fine related to its Android mobile operating system. Even though Alphabet said it plans on appealing the fine, it is still going to include it in this quarter’s results. Prior to the fine, analysts had expected Alphabet to report adjusted EPS of $9.59 on revenue of $32.19 billion, according to third-party consensus analyst estimates. Options Trading ActivityThe stock has rallied well off its 2018 low of $984 on March 28.


Source: Forbes July 23, 2018 14:15 UTC



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