Bullish
Alphabet's Q2 earnings beat estimates; stock rises 4.6% to $801.06.
Alphabet's stock rose 4.6% to $801.06 after reporting Q2 earnings of $8.42 per share, surpassing estimates of $8.03. The company also announced a 100% year-over-year increase in capital expenditures, primarily for AI infrastructure. Despite the increased spending, Alphabet's stock held firm, indicating investor confidence in its long-term growth strategy.
Key points
- Q2 earnings per share of $8.42 exceeded estimates of $8.03.
- Capital expenditures doubled year-over-year, focusing on AI infrastructure.
- Stock price rose 4.6% to $801.06 in after-hours trading.
- Year-to-date, the stock is down 1.6%.
Sources
AI-generated from public news sources. Not financial advice.
