Google to report earnings amid justice department lawsuits and Trump tariffs

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The Guardian 1d ago

Google to report earnings amid justice department lawsuits and Trump tariffs - The Guardian

Quick Summary:

Parent company to report revenue as it’s embroiled in 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet will report its first quarter earnings on Thursday, which come as the tech giant is embroiled in antitrust lawsuits brought by the US government and a 17% drop in its stock price since the beginning of the year.

Despite the upheaval, analysts appear optimistic on Alphabet’s outlook projecting first quarter revenue of $89.2bn, up 11% since the same time last year, and earnings of $2.01 per share, up 7%, according to consensus estimates.

It’s also the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.