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Alphabet Inc (NASDAQ: GOOGL), on Friday, seems to be recovering its after-hours losses from last night that materialised after the search giant came in shy of Street estimates in its fiscal fourth quarter.

Analyst reacts to Google’s quarterly results

Excluding traffic-acquisition costs (TAC), though, the tech behemoth brought in $63.12 billion revenue in its recent quarter – up 2.0% year-on-year but slightly missing the $63.2 billion consensus.

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Danas se prijavite za Invezz bilten.

The multinational blamed currency headwinds and advertising slowdown for the weakness in Q4. Discussing its quarterly results on CNBC’s “Brzi novac”, Deepwater Asset Management’s Gene Munster said:

I think the numbers for the March quarter need to come down. [But] ultimately, I think this company is still the fabric of the internet. I think they’re still going to do great long term.

Munster is constructive on Google stock

At $7.96 billion, YouTube ad revenue also came in below both the last year’s figure and the experts’ forecast, as per the saopštenje za javnost.

Google Cloud generated $7.32 billion in revenue – up 32% versus last year but still $0.11 million shy of estimates. Munster also said:

I think this was a dodged bullet. It could have been worse. Optimistic part is that growth rates will improve. After investors process these results, they’ll look forward and be more optimistic about what they’ll grow in back half of the year.

Despite a weak quarter, Wall Street continues to recommend buying Google dionice i vidi u tome prednost na 125 dolara u prosjeku.

Google to launch a ChatGPT rival

According to Alphabet Inc, it will soon lansiranje a ChatGPT rival as a complement to its search engine, which, as per Gene Munster, will be another catalyst for the Google stock.

That’s a big deal, because if they can integrate a ChatGPT version into the power of their search, that’s something ChatGPT doesn’t do today. I think it’ll be a lever for investors to get more excited about Google in the back half of the year.

Google is ramping up its efforts in launching a chatbot after rival Microsoft announced a multi-billion-dollar investment in OpenAI – the company behind ChatGPT (čitaj više).

Key takeaways from Alphabet’s Q4 earnings report

• Zaradio 13.62 milijardi dolara u odnosu na 20.64 milijardu dolara prije godinu dana
• Zarada po dionici također je pala sa 1.53 dolara na 1.05 dolara
• Prihodi su porasli za 1.0% u odnosu na prethodnu godinu na 76.05 milijardi dolara
• Konsenzus je iznosio 1.18 dolara po dionici na 76.2 milijarde dolara prihoda
• Ad sales slipped a more than expected 3.5% to $59 billion

Alphabet Inc is committed to cutting costs as well. Last month, it revealed plans of cutting about 12,000 employees worldwide that Invezz reported OVDJE. Google stock is currently down 30% versus its record high.