Bank of America Securities reported that Alphabet (NASDAQ:GOOGL) is expected to have revenue of $63.6 billion in the fourth quarter of last year and GAAP earnings per share of $1.20, while lower interest income is still putting pressure on earnings per share, and that the company’s core profit margin in the fourth quarter of last year is expected to fall by 566 basis points year-on-year as the number of employees grows more than surveyed. The bank raised its revenue forecast for the year by 1% to $254.2 billion, up 8% year-on-year, EBITDA by 4% to $121 billion, and GAAP EPS by 3% to $5.4, and raised its price target to $119 from $116, reiterating its Buy rating.