Google parent Alphabet’s earnings surpassed analyst expectations in its first quarter.
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.
Posted by Grandybigs
on 23 Apr 2018
Tags: @Google, @Parent, @Alphabet’s, @Earnings, @Beat, @Expectations