Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 3, 2019

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,185.40, and GOOGL (class A voting), $1,189.55, 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. The stock fell 7% this week after the company reported weaker-than-expected revenue for the first quarter of 2019. In the three months ended March 31, 2019, Alphabet’s revenue rose 16.7%, to $36.34 billion from $31.15 billion a year earlier. However, that missed the consensus forecast of $37.4 billion. Revenue for Google (99% of the total) gained 16.7%. The increase was mostly due to a 15.3% rise in advertising revenue. However, the company is paying more to its affiliated businesses that help draw users to its own websites. Those costs rose 9.1% in the latest quarter. Google advertisers also pay lower rates for mobile ads because they’re harder to see on smaller screens. Stronger competition…