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Revenue probably climbed 18 percent to $22.05 billion in the period from $18.7 billion a year earlier, according to the average estimate in a Thomson Reuters survey. Earnings, excluding some items, likely increased to $8.63 a share from $7.35. Alphabet price targets Alphabet's quarterly reports offer a regular reminder of what drives the Mountain View, California-based company. While Google has held recent events promoting its cloud-computing platform , which competes with Amazon Web Service, and a new home-assistant device that's out to take on the Amazon Echo, advertising is still what matters for the company's financials. Google's own websites have benefited from an increase in the number of text ads shown on mobile to three from two, and the company has even been testing searches with four ads on top. Ads within maps are contributing to growth, and Google has gotten a boost this year from the Olympics and U.S. elections. Consumers shopping for sneakers, smartphones and handbags also see scrollable advertisements, called product listing ads (PLAs) on the top of the screens. "Mobile search, PLAs and YouTube are all showing strength and we believe have plenty of headroom," wrote Rob Sanderson, an analyst at MKM Partners, in an Oct. 24 report. Sanderson recommends buying the shares and has a $935 price target.
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Maduro's popularity has plummeted during a deep economic crisis. He was not in attendance at the summit, his foreign minister Delcy Rodriguez said, because he was preparing for a Sunday meeting with the opposition. Venezuela, despite having the world's largest oil reserves, is mired in a prolonged recession and facing food shortages. Critics say Maduro, 53, has kept a grip on power by side-lining lawmakers, arresting opponents and squashing the referendum. He says foes want to topple him illegally. Colombia, meanwhile, is scrambling to save a hard-won peace deal with the Revolutionary Armed Forces of Colombia, or FARC. The deal, hammered out over almost four years of negotiations, was narrowly rejected in a plebiscite vote this month. President Juan Manuel Santos has met with the opposition to hear their concerns, and government negotiators are modifying the accord with FARC leadership in Cuba. Leaders at the summit repeatedly expressed support for the peace process on Saturday.
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