Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 2, 2018

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,111.90, and GOOGL (class A voting), $1,119.20, is the holding company for Google’s Internet search business and its smaller, riskier operations. The company calls those smaller businesses its “Other Bets”; they sell home thermostats and self-driving car technology, among other tech products. In the three months ended December 31, 2017, Alphabet’s revenue jumped 24.0%, to $32.32 billion from $26.06 billion a year earlier. That beat the consensus forecast of $31.88 billion. Revenue for Google (99% of the total) gained 23.7%. The increase was mostly due to a 21.6% rise in advertising revenue. However, the company pays more to its affiliated businesses that help draw users to its own websites. Those costs jumped 33.0% in the latest quarter. As well, Google advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens. As a result of more people using mobile devices to access the Internet, the average amount advertisers paid per click…