Google to report Q3 2019 earnings after the bell

Google to report Q3 2019 earnings after the bell

GOOG, GOOGL) parent company Alphabet will report its Q3 2019 earnings after the bell on Monday. Investors and analysts are likely to focus on the company’s cloud division, as well as its ad revenue for the quarter. Here are the most important numbers to watch for, as well as what analysts are expecting as compiled by Bloomberg’s estimates.

Google CEO Sundar Pichai announced during the Q2 2019 earnings call that the company had achieved an $8 billion yearly run rate for its cloud division. That’s a major step forward for Google, which has been trying to fight its way into the top of the cloud market, but has been stymied by the likes of Amazon and Microsoft.

Google is also expanding its sales force to sell through its cloud products to big businesses. It doesn’t matter that companies may already have contracts with Amazon and Microsoft, either, as the majority of the major cloud providers offer a certain level of interoperability. That means there’s still room for Google to jump into the fray.

Pixel 4 and Pixel 4 XL smartphones, won’t have an impact on this quarter’s earnings, as they were only released on Oct. 15.

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