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Trade Idea: Alphabet

Trade Idea: Alphabet

Google parent Alphabet Inc reported revenue of $32.32 billion, up 24% y/y and beating analysts' consensus estimates of $31.9 billion. However, their profit forecasts lowered as steady ad sales growth was offset by increased spending to promote its consumer gadgets, YouTube video app and cloud computing services.

Click here to download the presentation slides.

Presented by Equity Analyst, Danie de Lange.

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