GOOGL: Alphabet to Report Earnings Tuesday. Here’s What You Should Watch

Google parent closed Friday’s session at a record high of $204 a share. A lot hinges on its December-quarter earnings.

🎴 What’s on the Cards?

• Alphabet stock GOOGL is gearing up to either extend its magnificent record-setting run or pour some cold water on investors’ hopes. The Google parent is on the earnings roll call for Tuesday after the closing bell and here’s what you should be watching in the report.
• Revenue is expected to reach $96.6 billion, up 12% from the same quarter in 2023. Earnings per share are projected to grow roughly 30% to $2.12 from $1.64 in the year-ago quarter.

👑 Cloud Biz Growth?

• Investors will pay special attention to Alphabet’s cloud infrastructure business — the place AI calls home. Artificial intelligence has been increasingly important for the tech titan especially after it revealed the ground-breaking universe-shaking quantum chip (do parallel universes exist?)
• The company’s cash cow, advertising, will also be front and center for market watchers who will be looking to find out whether advertisers ramped up their efforts in the lead-up to the holiday period.

🧐 What Else Is Going On?

• Alphabet shares are flying high — record high — up nearly 8% in January, breaking away from the broad trend of flatlining or straight up declines among other big tech giants. And it’s also on the rear end of the Magnificent Seven’s earnings lineup.
• Four of those seven members already delivered earnings with Netflix NFLX opening with record subscriber growth. Meta META earnings jumped 50%, Microsoft MSFT coughed up $23 billion mostly on AI, and Apple AAPL posted languishing iPhone sales growth.