Alphabet Inc. (GOOGL) stock does not impress with a Q2 decline in sales and earnings

Alphabet Inc. (GOOGL) stock news

“In Q2, Alphabet (NASDAQ: GOOGL) saw a decline in both earnings and sales. Earnings decreased by 27.53% to $7.76 billion, and sales dropped by 6.95% to $38.30 billion. Alphabet reached earnings of $10.70 billion and sales of $41.16 billion in Q1.

What Is ROCE?

Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed in a business. Changes in earnings and sales indicate shifts in a company’s ROCE. A higher ROCE is generally representative of successful growth in a company and is a sign of higher earnings per share for shareholders in the future. A low or negative ROCE suggests the opposite. In Q2, Alphabet posted an ROCE of 0.03%.

Q2 Earnings

Alphabet reported Q2 earnings per share at $10.13/share against analyst predictions of $8.21/share.”

Stock market data: https://finance.yahoo.com/news/roce-insights-alphabet-062853576.html

Alphabet Inc. (GOOGL) stock chart

Alphabet Inc. (GOOGL) stock chart
Alphabet Inc. (GOOGL) stock chart

Stock market data: Stockscharts

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