Alphabet prepares for Q3 earnings amid investor scrutiny and market challenges

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Alphabet Inc. is scheduled to announce its Q3 earnings on October 30, 2024. The company has faced challenges this year, with its share price trailing behind the S&P 500 benchmark.

Financial Performance Expectations

Analysts expect a significant boost in performance, with earnings per share estimated at $1.84, reflecting an 18% increase from the same quarter in 2023. Revenue projections stand at $86.23 billion, indicating a 10% year-over-year growth.

Business Segments

Investors will be interested in the growth rates of Alphabet's cloud services and advertising business. The cloud division has shown resilience with a 14% year-over-year growth, while the advertising segment has shown signs of slowing growth.

Artificial Intelligence Integration

Another area of interest is Alphabet's progress in artificial intelligence integration. The consolidation of Google Research and Google DeepMind into a unified AI Plus division aims to accelerate the development of AI models.

Stock Performance and Outlook

Despite reporting stronger-than-expected earnings in Q2 2024, Alphabet's stock price experienced a decline due to conservative forward guidance. The market is sensitive to Alphabet's outlook, particularly in light of the company's investments in AI. Alphabet's stock price has underperformed compared to major benchmarks, but analysts maintain a generally positive outlook.

Investor Expectations

As Alphabet prepares to release its Q3 2024 earnings report, investors are eager to gain insights into the company's financial vitality and future prospects.

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