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Alphabet (NASDAQ: GOOGL) 2Q19 Results: Beats Consensus Estimates as Growth Accelerates

Executive Summary

  • Alphabet (the parent company of Google) reported 2Q19 revenues of $38.94 billion, up 19.3% year over year and above the $38.15 billion consensus estimate. Adjusted EPS was $14.21, up 20.9% year over year and beating the $11.10 consensus estimate.
  • Mobile search, YouTube and Cloud were the key growth drivers in the quarter.
  • Google did not offer guidance but mentioned currency headwinds, ongoing strength from applying machine learnings on its sites, strength in cloud and a positive reception for its Pixel 3a smartphone.

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