Alphabet (GOOG, GOOGL) has been exceeding earnings expectations for three quarters, with shares rising 42% over the past year. Its Q3 performance displayed a 15% revenue growth of $88.3 billion, driven largely by a 35% increase in Google Cloud revenue. CEO Sundar Pichai hinted at strong momentum entering Q4, though analysts express caution regarding future growth rates, expecting a 30% year-over-year increase in earnings to $2.13 per share amidst concerns about valuation pressures in the market.
Alphabet's stock has been 'beating earnings' all year long, and will try it again one more time on Tuesday.
When last we checked in on Alphabet, the company had just reported 15% year over year quarterly revenue growth to $88.3 billion.
CEO Sundar Pichai said, however, that his company has 'extraordinary ... momentum,' which sounds pretty promising.
Analysts aren't quite so sure about that. They're expecting the company to report a solid 30% improvement over last year's Q4.
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