What is Alphabet's projected spending for this year?

Alphabet plans to spend between $175 billion and $185 billion this year.

How does Alphabet's spending forecast compare to analyst expectations?

Alphabet's projected spending significantly exceeds the $119.5 billion that analysts had estimated.

Who commented on Alphabet's earnings and spending plans?

Scott Devitt, an equity research analyst, reacted to Alphabet's fourth-quarter earnings and spending plans.

Home / Business and Economy / Alphabet Eyes $185B Spending Spree

Alphabet Eyes $185B Spending Spree

5 Feb

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Summary

Alphabet plans substantial investment for this year.
Spending forecast significantly exceeds analyst expectations.
Analyst Scott Devitt discusses Google's financial outlook.

Alphabet, the parent company of Google, has revealed its financial strategy for the upcoming year, projecting an expenditure between $175 billion and $185 billion. This substantial investment outlook significantly outpaced the $119.5 billion that industry analysts had estimated. Scott Devitt, an equity research analyst at Wedbush, offered his expert analysis on these fourth-quarter earnings and the company's forward-looking spending commitments.

Devitt's commentary, shared during a segment on "Bloomberg The Close," addressed the market's reaction to Alphabet's financial disclosures. Beyond the significant spending plans, the analyst also weighed in on the anticipated earnings performance of Amazon, providing a broader perspective on the tech industry's financial landscape.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.