Alphabet Class A Beats
Alphabet Class A (GOOGL) reported 2nd Quarter June 2018 earnings of $11.75 per share on revenue of $32.7 billion. The consensus earnings estimate was $9.45 per share on revenue of $25.7 billion. The Earnings Whisper number was $9.70 per share. Revenue grew 25.6% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces Second Quarter 2018 Results
MOUNTAIN VIEW, Calif. – July 23, 2018 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial
results for the quarter ended June 30, 2018.
"We delivered another quarter of very strong performance, with revenues of $32.7 billion, up 26% versus the second
quarter of 2017 and 23% on a constant currency basis. Our investments are driving great experiences for users, strong
results for advertisers, and new business opportunities for Google and Alphabet," said Ruth Porat, CFO of Alphabet
Q2 2018 financial highlights
The table below provides summary data to facilitate comparison of current quarter performance to prior periods given
the announcement on July 18, 2018 by the European Commission (EC) of its decision that certain contractual provisions
in agreements between Google and Android partners infringed European competition law and the associated €4.34
billion ($5.07 billion as of June 30, 2018) fine. The table includes the effect of the EC fines accrued in Q2 2017 and
For the full press release, please go here