Microsoft earnings report cryptocurrencies It did not produce good results. The next company among the trillion-dollar giants to announce its earnings report was Alphabet. The company behind Google’s latest quarterly earnings are extremely important for the stock market. On the other hand, the Iranian agenda is extremely hot. Let’s quickly discuss the latest developments.
Alphabet Earnings Report
Revenue exceeded expectations, but operating income was below forecast. It’s a largely above-expected earnings report, but it should have been much better amid the AI bubble debate. Although it dropped to $312 in the post-closing session GOOG shares recovered. Nvidia, Meta is getting weaker and that’s not good for overall performance.
The earnings report summary is as follows:
- Revenue $113.83 billion, forecast $111.4 billion
- Revenue excluding TAC $97.23 billion, forecast $95.17 billion
- Operating income $35.93 billion, forecast $36.95 billion
- Google Services revenue $95.86 billion, forecast $94.9 billion
- Google Ad revenue $82.28 billion, forecast $80.89 billion
- Google Search and Other revenues $63.07 billion, forecast $61.37 billion
- YouTube Ad revenues $11.38 billion, forecast $11.78 billion
- Google Cloud revenues $17.66 billion, forecast $16.2 billion
- Capital expenditures $91.45 billion, estimate $28.17 billion
Iran Latest Situation
US meeting in Istanbul wants it to be done, but Iran wants Oman. It is disturbing that there is a conflict even regarding the previously agreed meeting place. He announced that the meeting will be held in Muscat at 10 am on Friday. Iranian Foreign Minister He stated that the “nuclear” issue will be discussed. The USA says that missiles should also be on the agenda. Axios claimed the meeting was canceled because Iran opposed discussing issues other than the nuclear issue, but Iran says otherwise.
“Nuclear talks with the United States are planned to be held in Muscat on Friday at around 10:00.
“I am grateful to our Omani brothers for making all the necessary arrangements.” Iranian Foreign Minister
Following the news of the cancellation of the meeting, Axios confirmed that the meeting would be held, saying “at the request of the countries in the region”.
“US-Iran nuclear talks scheduled to be held in Oman on Friday have been put back on the agenda after Muslim leaders urgently pressured the Trump administration not to follow through on their threats to leave the table.
It was stated that at least nine countries from the region sent very high-level messages to the highest levels of the Trump administration and strongly demanded that the USA not cancel the meeting with the Iranians in Oman.
A US official said the Trump administration agreed to meet with the Iranians “to respect” the request of US allies in the region and “to continue to follow the diplomatic path.” –Axios
