Why Is Alphabet Stock Up 6% After Earnings? Is GOOGL Stock a Buy Now?

By Eric Cuka – Jul 26, 2023 at 9:45AM

NASDAQ: GOOGL

Alphabet

Market Cap

$2,069B

Today's Change

(0.37%) $0.62

Current Price

$167.24

Price as of May 3, 2024, 4:00 p.m. ET

Alphabet stock popped over 6% today after the company posted a strong earnings report. Let's dig in and see what happened.

Alphabet (GOOGL 0.37%) (GOOG 0.32%) reported a beat on top and bottom lines tonight, and the stock is up over 6% after hours. What happened to GOOGL stock? Is it still one of the best stocks to buy now? The video below breaks it down. Don't forget to subscribe to the channel for future updates.

*Stock prices used were the evening prices of July 25, 2023. The video was published on July 25, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Alphabet, Amazon.com, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon.com, and Microsoft. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.