Alphabet records slowest fourth-quarter revenue growth in five years

This post was originally published on this site

(Reuters) – Google-parent Alphabet Inc (O:) on Monday reported its worst fourth-quarter revenue growth since 2015, missing analysts’ estimate for a period in which its top online advertising rivals beat expectations.

Shares of the company fell 4% in extended trading.

The company reported a net income of $10.67 billion, or $15.35 per Class A and B common share and Class C capital share, for the fourth quarter ended Dec. 31, from $8.95 billion, or $12.77 per share, a year earlier.

Revenue jumped 17.3% to $46.08 billion.

Analysts on average had expected revenue of $46.94 billion and earnings of $12.53 per share, according to IBES data from Refinitiv.

(This story was refiled to fix typo in headline)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment