Alphabet's Earnings Skyrocketed in Q2. Here's Why They Could End Up in the Red Next Quarter

When Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) reported its latest earnings numbers last month, its bottom line was incredibly impressive. Earnings per share of $9.11 skyrocketed a mammoth 294% year over year. Not only was the company's core business doing well, but it also got a boost from nonoperating items, specifically, its investments.The company benefited from the surge in the value of Space Exploration Technologies Corp. (NASDAQ: SPCX), also known as SpaceX. But while its gains from SpaceX were considerable, that could make Alphabet vulnerable to significant losses in the next quarter, particularly given how badly the space stock has been struggling of late. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool