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Alphabet to report Q3 earnings after the bell
  + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +3 min
Google parent Alphabet is set to report its third-quarter earnings Tuesday after the market closes. During the quarter, the company also faced the advancement of several antitrust lawsuits related to its search and ads business. That would include Google's search position agreements with Apple's iPhone as well as Samsung devices. With the slow-moving legal process, the company is still likely years away from being forced to make any changes to businesses. In August, the company announced its new Android software update and its latest line of Pixel smartphones that utilize Google's Gemini AI assistant.
Persons: Sundar Pichai, Emily Chang, StreetAccount, Prabhakar Raghavan, Nick Fox, Demis Organizations: APEC, Summit, Moscone Center West, Google, TAC, DOJ, Samsung, Gemini Locations: San Francisco, U.S
Welcome back to Insider Weekly, a roundup of some of our top stories. The industry took a beating after Meta, Alphabet, Amazon, and Microsoft reported poorer-than-expected earnings, wiping nearly $1 trillion off their collective market caps. Microsoft and Amazon reported slower growth in their usually outperforming cloud divisions, with Amazon also warning of slower holiday sales. Stephen Lam/Getty ImagesAmid a streak of disappointing financial results, inflation, and global turmoil, companies like Meta, Microsoft, and Google are looking to rein in runaway costs. For years, Big Tech companies competed on pay and perks to lure workers in a tight labor market.
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