$Alphabet(GOOGL.US)Context: Alphabet will release earnings for its third quarter after the closing bell on Wednesday, Oc…
$Alphabet(GOOGL.US)
Context: Alphabet will release earnings for its third quarter after the closing bell on Wednesday, Oct. 28. Analysts expect the company to report quarterly earnings of $3.00 per share, compared to $2.87 per share in the year-ago period. The consensus estimate for GOOGL’s quarterly revenue is $127.83 billion. It reported $102.35 billion last year.
My Trade: Google's share price has been relatively weak in the past few weeks, and a break below $300 could very well be possible. If that happens, I might buy some.
Takeaway: Alphabet CEO Sundar Pichai recently said artificial intelligence is still far from independently building more powerful versions of itself, even as Google increasingly relies on AI to develop its next models. @Captain's Treasure
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