Alphabet slips as AI growth drives higher capex
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 February 2025
⏱️ 6 minutes
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.1 | Good morning. Today is Wednesday, February 5th. I'm Julie Morgan. Alphabet is on our list of the biggest |
| 0:15.3 | movers of the day pre-market. Walmart is reportedly tweaking its operations. And remember a couple of months ago we |
| 0:23.3 | told you about a Nissan and Honda merger? Well, there's an update. Alphabet is down 7% pre-market |
| 0:31.0 | following the release of its fourth quarter earnings. The company reported Q4 revenue of $96.5 billion, a 12% year-over-year increase, missing analyst's |
| 0:42.9 | revenue estimate of $96.67 billion. Adjusted EPS of $2.15, exceeded analyst's expectations |
| 0:51.4 | of $2.13. The company's CEO said in his initial reaction that it was a |
| 0:58.1 | strong quarter driven by AI leadership and broad momentum. Capital expenditures for the fourth |
| 1:04.5 | quarter came in ahead of expectations at $14.28 billion versus a consensus cited by Bloomberg for 13.21 billion. Meanwhile, the CEO said that |
| 1:16.3 | they're confident about their opportunities ahead. And to accelerate their progress, they expect to |
| 1:21.9 | invest approximately $75 billion in capital expenditures in 2025. If you'd like a deeper dive into that |
| 1:30.3 | Cappex spending, I'm including a link to the AI-generated earnings call Insights article. |
| 1:37.3 | Walmart is reportedly consolidating employees and closing its offices in North Carolina |
| 1:42.9 | as part of a larger relocation strategy. |
| 1:46.0 | According to a report from Fox Business and a Walmart memo cited by the outlet, an executive |
| 1:51.9 | told employees that the retailer will be eliminating some positions and move other positions |
| 1:57.9 | from Hoboken, New Jersey, and smaller offices to its headquarters in Bentonville, |
| 2:03.4 | Arkansas, and Sunnyvale, California, as well as its new corporate location in Bellevue, Washington. |
| 2:10.0 | The memo reportedly said that they're making these changes to put capabilities together, |
| 2:15.3 | encouraging speed and shared understanding. |
| 2:18.4 | It went on to say that through this review process, that they've eliminated some roles |
| 2:23.0 | as they streamline how they work. |
... |
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