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Benzinga

Business

Melanie Schaffer

What The Chart Says About Alphabet (GOOGL) Stock Before And After Q2 Earnings Report

Alphabet Google Nasdaq

Alphabet, Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) will print its second-quarter earnings after the bell on Tuesday. The stock was falling over 2% lower heading into the event and has dropped almost 7% since starting to trade on a 20-1 split adjust basis on July 18.

In the trading session following Google’s rare first-quarter earnings miss, the stock gapped down over 6% but shot up 4.41% on the subsequent day. For that quarter, Alphabet reported EPS of $24.62, missing the $26.11 estimate and sales of $68.01 billion, which slightly beat the $68.00 billion estimate.

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One subscription that gives you access to news from hundreds of sites

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