Alphabet Inc Class A (NASDAQ: GOOGL) will be reporting earnings and holding a conference call at 4:30 PM ET on Thursday.
Last quarter, GOOGL posted lower-than-predicted earnings and revenue with declining YouTube revenue. This quarter, revenue is expected to be flat from the previous year, but earnings per share to drop by over 20%.
Analysts expect Google to perform better than other tech giants despite softening in cloud and advertising. They expect Search revenue to grow but await leadership’s outlook for 2023. History shows Alphabet missed earnings expectations for the last three quarters.
