Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year. Alphabet’s results underscore robust demand for digital ads, driven by events like the Paris Olympics and elections in several countries including …

Read More

Three months ago, Alphabet showed that even a widely followed megacap firm could smash through forecasts, when it beat earnings estimates by 25%. Wall Street forecasts a similarly good quarter when the parent of Google and YouTube reports June quarter results after Tuesday’s close. Surveys suggest demand for internet search advertisements is healthy. And advertisers …

Read More