Alphabet Inc (GOOGL) released its second quarter results on Wednesday, July 28, 2021. The company reported net earnings of $27.26 per share for the second quarter ending June 30, 2021. Earnings for this past quarter were up 169 percent compared to the same period a year ago.
The company was founded in 1998 and is headquartered in Mountain View, California. Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services.
Alphabet's revenue increased 33 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 62.38% for the second quarter compared to the same period in the previous year, and operating margins increased to 31.29% over the same period. Net earnings for past trailing twelve months were $62929.0 million, up 100% from the prior year.
Moving on to the balance sheet, Alphabet's cash levels jumped 33% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 7.69% this past year. The current ratio for Alphabet now stands at 3.15. The company decreased shares outstanding by 1.99%.
Shares of GOOGL are currently trading around $2721.88. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 29.51 and price to book ratio of 7.79.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, July 29, 2021.