GOOGL Fueled S&P 500 Q2 EPS Growth, but Carson Research Says Its Blowout Quarter Came With a Catch
While headline S&P 500 second-quarter earnings per share (EPS) growth surged to 37.9%, Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) boosted that figure by 12 percentage points—and Carson Investment Research warns that the tech giant’s fine print tells a very different story. The 12-Point Market Distortion According to a weekly earnings report by Carson Investment Research analyst Harry McDonald, blended EPS growth for the S&P 500 jumped 13 percentage points in just five trading days. Alphabet alone accounted for “92% of the net dollar-level increase in S&P 500 earnings over that stretch.” Stripping out the tech giant reveals a significant shift in index fundamentals. Without Alphabet, blended earnings growth falls from 37.9% to 25.9%. Furthermore, the record S&P 500 net profit margin drops from 15.7% to 14.4%, and the aggregate earnings surprise collapses from 39.3...
9%, Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) boosted that figure by 12 percentage points—and Carson Investment Research warns that the tech giant’s fine print tells a very different story. The 12-Point Market Distortion According to a weekly earnings report by Carson Investment Research analyst Harry McDonald, blended EPS growth for the S&P 500 jumped 13 percentage points in just five trading days. ” Stripping out the tech giant reveals a significant shift in index fundamentals.
9%. 6%. 26 per share on its own. 5 billion a year ago.
85 per share, missing consensus estimates. “I’d rather build a view on the $14 billion that reflects operating earnings than the $112 billion that includes the revaluation gains,” McDonald noted. 9% ex- Alphabet growth rate remains “an excellent quarter,” showing that broad market earnings strength remains intact beneath the headline numbers. How Has GOOGL Performed In 2026?
28% over the year. 71 per share on Tuesday, and it was up XX% in premarket on Wednesday. ’s Edge Stock Rankings indicate that GOOGL maintains a strong price trend in the long term but a weak trend in the short and medium terms, with a solid growth score. Read Also: Michael Burry Warns Nvidia's 'Overreaching' Is Pushing Circular Spending to 'Biblical Proportions' Amid Surge in Credit Default Swaps Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.
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