Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 29, 2016

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $768.79, and GOOGL (class A voting), $791.34, is the new holding company for Google’s Internet search business and its smaller, riskier operations. The company calls those smaller operations its “Other Bets”; they sell home thermostats, high-speed Internet and digital TV services, among other tech products. In the three months ended June 30, 2016, Alphabet’s revenue rose 21.3%, to $21.5 billion from $17.7 billion a year earlier. That beat the consensus forecast of $20.8 billion. Revenue for the Google search engine (99% of the total) gained 20.7%. The increase was due to a 29% jump in the number of clicks on paid advertisements. However, more people are using mobile devices to access the Internet. 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 7%. That was worse than the consensus forecast of a 4% decline, but an…