After the close today, Alphabet (GOOG) is scheduled to report 3Q20 results with a conference call to follow at 4:30 p.m. E.T.
Analysts are expecting the tech giant to post EPS and revenue of $11.20 and $42.8 bln, respectively.
GOOG does not historically provide specific EPS or revenue guidance.
Accounting for ~80% of total revenue, the main focal point heading into GOOG's report will be advertising spending.
The Department of Justice filed an antitrust lawsuit against GOOG on October 20, alleging that GOOG has "entered into a series of exclusionary agreements that collectively lock up the primary avenues through which users access search engines, and thus the internet, by requiring that Google be set as the preset default general search engine on billions of mobile devices and computers worldwide..."
TECHS
Shares are trading sharply higher today following PINS' impressive report, raising the stakes for GOOG. The stock is currently trading with a moderately elevated forward P/E of 27.3x.
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