Alphabet’s Sales Under Microscope After Last Quarter’s Debacle
Google ad revenue still accounts for a majority of the parent company’s revenue.
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Alphabet Inc.’s revenue performance will be watched closely by investors after a shortfall last quarter sparked the stock’s biggest sell-off in years.
While spending on digital advertising appears to have remained strong in the second quarter, financial results due to be reported Thursday afternoon are also expected to show Alphabet’s revenue growth has continued to narrow. Sales are projected to expand 18% to $30.84 billion, down from 19% growth in the first quarter, according to analyst estimates compiled by Bloomberg.