Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Thursday, April 22, 2016

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $718.77, and GOOGL (class A voting), $737.77, is the new 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 products. In the three months ended March 31, 2016, Alphabet’s revenue rose 17.4%, to $20.3 billion from $17.3 billion a year earlier. The Google search engine business accounted for 99% of the total. If you exclude traffic acquisition costs (fees that Google pays affiliates to redirect traffic to its websites), Alphabet’s revenue rose 18.4% to $16.5 billion. On that basis, revenue just missed the consensus forecast of $16.6 billion. Revenue for the Google search engine gained 17.0%. The number of paid clicks on advertisers’ ads jumped 29%. However, more people are using mobile devices to access the Internet. Advertisers pay lower rates for mobile ads because they’re harder to see…