Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 8, 2019

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,095.06, and GOOGL (class A voting), $1,102.38, 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, 2018, Alphabet’s revenue jumped 21.5%, to $39.28 billion from $32.32 billion a year earlier. That beat the consensus forecast of $38.90 billion. Revenue for Google (99% of the total) gained 21.5%. The increase was mostly due to a 19.9% 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 15.3% 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, the average amount advertisers paid per click fell 29% in the quarter, even though the total…