Alphabet: “A tale of two quarters.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 29 April 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
Alphabet shares rise on a 1st-quarter report and comments from CEO Sundar Pichai and CFO Ruth Porat. Andy Cross analyzes the latest results from Google’s parent company. Plus, we discuss Mastercard’s better-than-expected 1st quarter, and Starbucks’ plan to reopen stores in the U.S. by early June.
Transcript
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| 0:00.0 | It's Wednesday, April 29th. |
| 0:04.0 | Welcome to Market Fullridge. |
| 0:05.0 | I'm Chris Hill with me from a safe social distance. |
| 0:09.0 | Andy Cross. |
| 0:10.0 | Good to see you, my friend. |
| 0:11.0 | Chris, good to see you. |
| 0:12.0 | I hope you're safe and your family is safe too. |
| 0:14.5 | Yes everybody wash your hands. I haven't said that in a while. Everybody just wash your hands. |
| 0:18.1 | Yeah we can't get complacent. Gotta keep washing your hands. |
| 0:21.6 | We have got Starbucks today. we have got MasterCard, but we're going to start with |
| 0:26.0 | Alphabet. |
| 0:28.3 | Alphabet, the first quarter revenue came in higher than expected. |
| 0:31.8 | The report was pretty good, but this seems like one of those |
| 0:35.6 | times where it was the conference call that is driving the stock, the comments from |
| 0:40.0 | Senator Pichai, the CEO, and Ruth Poirat, the CFO. |
| 0:43.5 | That seems like what is pushing the stock up 8-9% today. |
| 0:49.2 | Yeah, Chris, I mean, Sudar and Ruth, I think are just really two top managers and the way they talk to their to their investors to their employees |
| 0:55.8 | They really the way they run the business I think I think we've talked about how important Ruth has been to to the just the discipline of Alphabet and Google over the last few years. |
| 1:05.0 | So she tends to be very, I think, conservative, |
| 1:07.5 | and so talked about the real challenges they had |
| 1:10.1 | in this quarter, especially late. |
| 1:12.1 | Sundar talked about a tale of two quarters |
... |
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