Home Finance Google earnings coming tomorrow. This is what Wall Street expects

Google earnings coming tomorrow. This is what Wall Street expects

by Eclipsnews
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Google (GOOGLParent company Alphabet will report third-quarter earnings on Tuesday, after beating second-quarter profit expectations on artificial intelligence momentum.

The tech giant is expected to report third-quarter revenue of about $86.4 billion, according to analyst estimates compiled by FactSet (FDS). Google’s U.S. revenues are expected to be $40.6 billion, and its “rest of the world” revenues are expected to be $45 billion. According to FactSet, the company is expected to report earnings per share (or EPS) of $1.84.

In the second quarter, Google reported revenue of nearly $85 billion, exceeds Wall Street expectations by approximately $640 million. Google’s revenue rose 14% year over year, as did its Cloud division surpassed $10 billion in quarterly sales for the first timesaid Google President Ruth Porat. Google Cloud also surpassed $1 billion in operating profit for the first time.

“Our strong performance this quarter highlights the continued strength in Search and momentum in Cloud,” Google CEO Sundar Pichai said in a statement at the time. “We innovate at every layer of the AI ​​stack. Our longstanding infrastructure leadership and internal research teams position us well as technology evolves and as we pursue the many opportunities ahead.”

In recent months, Google has reportedly made strides in AI modeling software resembles human reasoning. The company has been focused on it for a long time “reasoning” capabilities in large language models (LLMs), also with his work evoke chain of thoughts.

With this technique, which people told Bloomberg Google uses, LLMs can solve multi-step problems using a “series of intermediate reasoning steps,” similar to the way a human would do it. Open AI unveiled his ‘reasoning model’ series, OpenAI o1, in September.

Google is also working on improving the reasoning capabilities of its Gemini chatbot. In July, Google made its fastest, most cost-efficient model, 1.5 flash, available in the unpaid version of Gemini.

Shares of Google rose about 0.7% in Monday morning trading. The tech giant’s shares are up 20.5% so far this year.

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