Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 28, 2017

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $941.53, and GOOGL (class A voting), $958.33, 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, high-speed Internet and digital TV services, among other tech offerings. In the three months ended June 30, 2017, Alphabet’s revenue jumped 21.0%, to $26.0 billion from $21.5 billion a year earlier. That beat the consensus forecast of $25.6 billion. Revenue for the Google division (99% of the total) gained 20.9%. The increase was due to an 18.4% rise in advertising revenue. However, the company pays more to its affiliated businesses that help draw users to its own websites. Those costs jumped 28.1% in the latest quarter. As well, Google advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens. As the result of more people using mobile devices to access the Internet, the average amount…