Alphabet stock confirmed a horizontal breakout on July 27, 2023, after reporting better than expected Q2 results.

On July 25, 2023, Alphabet reported Q2 EPS of $1.44 versus the consensus estimate of $1.34. The company reported Q2 revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... of $74.6B versus the consensus estimate of $72.82B.

Sundar Pichai, CEO of Alphabet and Google, said: “There’s exciting momentum across our products and the company, which drove strong results this quarter. Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services. With fifteen products that each serve half a billion people, and six that serve over two billion each, we have so many opportunities to deliver on our mission.”