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Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officer

Por: MarketWatch Politics July 26, 2023

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Total revenue was $74.6 billion, compared with $69.7 billion a year ago. Sales minus traffic-acquisition costs were $62.06 billion, vs. $57.5 billion last year. Analysts surveyed by FactSet had expected on average net earnings of $1.34 a share on revenue of $72.85 billion and ex-TAC revenue of $60.25 billion. “There’s exciting momentum across our products and the company, which drove strong results this quarter,” Alphabet Chief Executive... + full article



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