LIVE: Here come Alphabet's Q3 earnings - Business Insider

LIVE: Here come Alphabet's Q3 earnings

10/29/2020 10:50:00 PM

LIVE: Here come Alphabet's Q3 earnings

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REUTERS/ Stephen LamAlphabet will report its earnings for the third quarter after the market closes on Tuesday.It's expected to show signs of recovery after a Q2 slump that resulted in a historic revenue decline for the company.A lot of eyes are on growth in cloud and YouTube, areas that analysts believe will be benefitting from the pandemic.

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Google has just been slapped with a Justice Department lawsuit over its dominance in search. Expect analysts to ask Google's execs questions about that later today.Are you an Alphabet employee? Contact this reporter via the encrypted messaging app Signal (+1-628-228-1836

) or email (hlangley@businessinsider.com).Visit Business Insider's homepage for more stories.Alphabet is set to announce its third-quarter earnings after the market closes today, and Wall Street has one word on its mind: recovery.The Google parent company saw its first quarterly year-over-year revenue decline

in the second quarter, with advertising spend dropping due to the pandemic.During the company's Q2 earnings, CFO Ruth Porat said she was "cautiously optimistic" for an improvement to ad revenue growth at the end of the quarter.Analysts and investors seem to agree with that optimism, telling Business Insider that they expect a return to growth in the mid-single digits. 

"We see it moving in the right direction," said Bernstein analyst Mark Shmulik. "The question is, how much?"Here's what Wall Street is expecting, based on estimates from Bloomberg's surveyed analysts.Revenue:$35.3 billion (minus traffic acquisition costs)

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Comcast reports record high-speed internet net adds, has nearly 22 million Peacock sign-upsComcast reported earnings for its third quarter of 2020 before the bell on Thursday, beating analyst estimates on the top and bottom lines. Trump; CON CAST this is terrible news Comcast's legit lack of customer care is legend Despite it they've been allowed monopoly status in many regions - especially west coast But w/🔥s raging & SARS-CoV-2 keeping parks closed, I wouldn't bet on'em 4 da' long term