Tech •
Google Parent Alphabet’s Earnings Beat Expectations
Google parent Alphabet’s earnings surpassed analyst expectations in its first quarter.
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The company reported earnings of $9.93 per share, topping Wall Street's consensus estimates of $9.28 a share. The internet search giant reported revenue of $31.1 billion, versus projected revenue of $30.29 billion for the quarter ending March31.
Alphabet is the first of the Internet's big advertising platforms to report earnings since the Cambridge Analytic a scandal broke in mid-March. Its first quarter results will not be directly impacted, through investors will be listening for clues about the health of the internet ad market following the high-profile Congressional hearings.
In a signal of investor concern Alphabet’s stock traded down ahead of today’s earnings report, with the stock closing at $1,067.45, off $5.51 for the day.
The company reported earnings of $9.93 per share, topping Wall Street's consensus estimates of $9.28 a share. The internet search giant reported revenue of $31.1 billion, versus projected revenue of $30.29 billion for the quarter ending March31.
Alphabet is the first of the Internet's big advertising platforms to report earnings since the Cambridge Analytic a scandal broke in mid-March. Its first quarter results will not be directly impacted, through investors will be listening for clues about the health of the internet ad market following the high-profile Congressional hearings.
In a signal of investor concern Alphabet’s stock traded down ahead of today’s earnings report, with the stock closing at $1,067.45, off $5.51 for the day.
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