Investing.com – Alphabet (NASDAQ:) reported on Monday fourth-quarter that beat analysts’ forecasts, but revenue fell short of expectations amid slowing growth in advertising.
Alphabet A announced earnings per share of $15.35 on revenue of $46.08B. Analysts polled by Investing.com anticipated EPS of $12.5 on revenue of $46.91B. That with comparison to EPS of $12.77 on revenue of $39.28B in the same period a year before. Alphabet A had reported EPS of $10.12 on revenue of $40.5B in the previous quarter. Analysts are expecting EPS of $12.32 and revenue of $43.23B in the upcoming quarter.
Alphabet A shares are up 10% from the beginning of the year , still down 1.17% from its 52 week high of $1,500.58 set on January 22. They are outperforming the Nasdaq which is up 2.59% year to date.
Alphabet A shares lost 3.91% in after-hours trade following the report.
Alphabet A follows other major Technology sector earnings this month
Alphabet A’s report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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