DKNG - Wall Street Breakfast: Earnings Flurry

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Earnings flurry Google parent company Alphabet (GOOG, GOOGL) shattered expectations on Tuesday with Q3 results that showed the biggest quarterly revenue gain in 14 years. The figure rose more than 40% Y/Y (or 39% in constant currency) to over $65B amid stronger-than-expected advertising revenues. The search giant appears to be cashing in on a rebound in search traffic, especially with keywords related to travel and retail trends that are picking up globally. Bigger picture: It's looking to reverse the story of the past couple of days in social Big Tech, where Alphabet, Facebook (FB) and Snap (SNAP) all slid in the wake of latter's quarterly results. Some even referred to the phenomenon as "ad-mageddon," which reflected a painful hit to ad revenues from Apple's (AAPL) update

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Wall Street Breakfast: Earnings Flurry