Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday

TLDR Alphabet (GOOGL) stock closed at $334.76 on Oct. 21, down 2% on the day. Options data points to a 5% move after the Oct. 28 earnings report. GOOGL has beaten the options-implied move in five of its past eight reports. Alphabet stock rose after three of the last four reports, based on two-week performance. Capex worries remain the main risk, with about $44 billion spent last quarter. Alphabet (GOOGL) stock closed at $334.76 on Oct. 21, down $5.52, or 2%. The day’s range ran from $330.38 to $337.27. The stock is up about 6% to 7% this year. Alphabet Inc., GOOGL Options data compiled by Bloomberg shows traders expect a 5% move after the earnings report on Oct. 28. The report comes after the market close.

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