Alphabet Keeps Printing Money

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4.7 • 1.7K Ratings

🗓️ 24 April 2018

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alphabet racks up more than $9 billion in quarterly profits, so why is the stock down? 3M falls on lowered guidance, but is the stock now a value play? And what in the world is going on with Wells Fargo? Bill Mann answers those questions and shares some thoughts on the upcoming Berkshire-Hathaway annual meeting.

Transcript

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0:00.0	It's Tuesday, April 24th.
0:03.0	Welcome to Mark Fuller.
0:05.0	I'm Chris Hill joining me in studio.
0:06.0	It's Bill Mann.
0:08.0	Hey, thanks for being here.
0:10.0	I'm so happy to be here.
0:11.0	How you doing, brother?
0:12.0	I'm good. I'm not as caffeinated as you. I'm highly
0:14.2	caffeinated. I stupidly brought water. I brought water. I figured that was your
0:19.8	chaser. I brought water to a coffee fight.
0:23.0	Earnings Palusa is heating up so we're going to get into one big Dau stock and an annual
0:29.2	meeting that's going on today and we'll get to both of those. We've got to start
0:32.1	though with the proverbial
0:34.6	800 pound gorilla of the advertising world and that's alphabet aka Google.
0:41.3	First quarter ad revenue was up 24 percent. It's amazing year over year and that's
0:47.6	only I don't know 87 percent of the core Google business.
0:53.4	So.
0:54.4	31 billion dollars in quarterly revenue.
0:57.1	And over $9 billion in profit.
0:58.9	Alphabet had some numbers this
1:05.0	the quarter.
1:08.0	and we'll get into a couple of the other numbers but just in terms of the bread and butter of this business,
	...

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