Alphabet: Expense Growth Overshadows Revenue Upside But It Is Money Well Spent
Alphabet (GOOG/GOOGL) reported mixed results relative to consensus expectations for 1Q18. The results also contained a lot of noise due to accounting requirements. The key takeaways for Northlake are that the company is still growing quite rapidly given its size, while the cost of sustaining the growth is rising. We emphasize the long-term opportunity over […]
